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- Title
Pragmatism and economics: William James' contribution.
- Authors
Barbalet, Jack
- Abstract
In addition to his treatment of habit, which is widely recognised as contributing to a theory of institutions, William James' discussion of choice and rationality, as well as self-interest, make significant contributions to areas of concern in modern economic theory. James' incisive and insightful analysis of these and related phenomena is achieved in part by including, together with instinct and habit, emotions as a key faculty of human psychology. Each of these themes is discussed in the present paper, and connected with aspects of relevant economic literature, in order to indicate the contribution of James' pragmatism to economic theory.
- Subjects
PRAGMATISM; SOCIAL psychology; EMOTIONS; HABIT; CONSUMER preferences; REASON; SELF-interest; ECONOMICS; JAMES, William, 1842-1910
- Publication
Cambridge Journal of Economics, 2008, Vol 32, Issue 5, p797
- ISSN
0309-166X
- Publication type
Article
- DOI
10.1093/cje/ben006