RAND, Cold Warriors and the Failure of ‘Rational Choice Philosophy’ – NYTimes.com   Leave a comment

You may have to read the complete article several times to understand the full impact of its tenets . Rational choice  theory and rational choice philosophy , its origins and manifestations  can help us to discern elements in the approach that our Governments and Countries are making in economic and societal governance fronts….even the thrust for democracy in the ” Arab Spring ” Middle East.

 

“But the real significance of rational choice philosophy lay in ethics. Rational choice theory, being a branch of economics, does not question people’s preferences; it simply studies how they seek to maximize them. Rational choice philosophy seems to maintain this ethical neutrality (see Hans Reichenbach’s 1951 “The Rise of Scientific Philosophy,” an unwitting masterpiece of the genre); but it does not. Whatever my preferences are, I have a better chance of realizing them if I possess wealth and power. Rational choice philosophy thus promulgates a clear and compelling moral imperative: increase your wealth and power!

Today, institutions which help individuals do that (corporations, lobbyists) are flourishing; the others (public hospitals, schools) are basically left to rot. Business and law schools prosper; philosophy departments are threatened with closure.”

via RAND, Cold Warriors and the Failure of ‘Rational Choice Philosophy’ – NYTimes.com.

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Posted June 19, 2011 by arnoneumann in Middle East, Philosophy, Society

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