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Rational does not need to be synonymous with "self interested to the detriment of all else." You can be both rational and realise that everyone can benefit grea
by DangitBobby 7y ago
Rational does not need to be synonymous with "self interested to the detriment of all else." You can be both rational and realise that everyone can benefit greatly if you're willing to benefit slightly less. Why is it that sociopaths are the only rational beings in economic theory?
- nickff 7y agoSociopaths are not the only rational beings in economic theory. Leisure and social goods can be factors in economic calculations, and most (good) economists do take them into account. Adam Smith wrote: "[m]an naturally desires, not only to be loved, but to be lovely; or to be that thing which is the natural and proper object of love". Those who say that economics is based on the pocketbook are either posing a straw-man, or are very bad economists.