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Preferred term

economic rationality  

Definition

  • Economic rationality refers to the conception or conceptions of rationality commonly found and used in economic theory. While there is no single notion of rationality appealed to by all economic theories, there is a core conception of rationality that forms the basis of much economic theorizing. [Source: Encyclopedia of Business Ethics and Society; Economic Rationality]

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https://concepts.sagepub.com/social-science/concept/economic_rationality

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