THE CONCEPT OF IMAGINARY RATIONALITY: THREE ASPECTS OF CONSIDERATION

Autor: Yerznkyan, B.H., Fontana, K.A.
Jazyk: angličtina
Rok vydání: 2023
Předmět:
DOI: 10.34660/inf.2023.20.63.068
Popis: The purpose of the paper is to discuss the concept of imaginary rationality, which is a development of the concept of bounded rationality and gives the institutional, primarily, economics additional features of realism. In theoretical terms, the concept of imaginary rationality is based, on the one hand, on the development or specific interpretation of the concept of bounded rationality, and on the other hand, on the inclusion of the problems of power in the tools of institutional economics. In terms of teaching, it is important to convey to the listener that the subject acting in accordance with the proposed concept (let’s call him or her an allegedly rational person) differs from both an economic person and an institutional person. The behavior of a supposedly rational person in practice is manipulated by individuals and/or legal entities with power – and not only market ones. This kind of manipulation of behavior leads in the short term to institutional weakening – reinforcement with a minus sign, and in the long term it can lead to the dehumanization of institutions – the loss of their carriers by the latter – and institutional undermining.
Databáze: OpenAIRE