Maximization Is Fine- But Based on What Assumptions?

Rasmusen, Eric B.
May 2014
Econ Journal Watch;May2014, Vol. 11 Issue 2, p210
Academic Journal
The article offers the author's insights on his assumptions regarding maximization on economics and religion. Topics discussed by the author include Beckerian imperialism of Chicago, Illinois and government intervention skepticism, the idea of happiness based on Christianity and economics, and the elimination of market failure by removing bias in information processing.


Related Articles

  • Is God really a capitalist? Craig, Berry // Network News;Summer97, Vol. 17 Issue 3, p18 

    Examines capitalism's relevance to Christianity. Use of religious insignia for profit; Historical misinterpretations of the Scripture; Reference to the book `God the Economist,' by M. Douglas Meeks; Contradiction of Darwinian evolution to Christianity.

  • Religion in Business.  // America;12/12/1959, Vol. 102 Issue 11, p345 

    The author reflects on the involvement of religion in managerial authority and self-interest economy. It argues that the issue, which breaks the liberal economic policy, is answered by Mr. James Worthy relying on the great relationship between work and principles of Christianity. The author...

  • What Has Jerusalem to Do with Chicago (or Cambridge)? Why Economics Needs an Infusion of Religious Formulations. Noell, Edd // Econ Journal Watch;May2014, Vol. 11 Issue 2, p202 

    An essay is presented on the need to infuse religious formulations in economics. Topics discussed by the author include the economic concepts that show the relevance of Jerusalem for Chicago, Illinois and Cambridge, England, the importance of creation concept of Judaism and Christianity in...

  • Pinching Pennies. Green, Jocelyn // Christianity Today;Jan2008, Vol. 52 Issue 1, p17 

    The article illustrates the impact of U.S. dollar's falling value on missionaries. The falling value of the dollar translates into a pay cut for many American missionaries who receive funding for their work from church and denominational budgets and from the gifts of supporting Christians. The...

  • Market Failure. Haltom, Renee Courtois // Region Focus;Spring2011, Vol. 15 Issue 1, p10 

    The article discusses the impact of government intervention in the market failure of free market economic system. It states that the economic theory projects a market failure when the free functioning market system is not producing the efficient outcome and the production or consumption occurs...

  • FOREIGN DIRECT INVESTMENT IN INFRASTRUCTURE: EXPERIENCE FROM PRIVATIZATION AND UTILITY REFORM IN UGANDA. Olanya, David Ross // OIDA International Journal of Sustainable Development;2013, Vol. 6 Issue 4, p98 

    The convention thinking in public sector economics is that government intervention in the economy is often motivated by market failures. Unfortunately, government does not often succeed in correcting market failures. The limitation implies that government should direct its energies only at those...

  • REGULACIÓN Y FALLAS. Stiglitz, Joseph // Revista de Economía Institucional;nov2010, Vol. 12 Issue 23, p13 

    Government plays a necessary role in keeping markets working efficiently and fairly. Market failures --situations in which the invisible hand does not make everyone better off-- are among the oldest and most universally accepted justifications for regulation. However, incidents of market failure...

  • Klinging to Reality. BOUDREAUX, DONALD J. // Freeman: Ideas on Liberty;Nov2012, Vol. 62 Issue 9, p12 

    The author reflects on the blogs written by blogger Arnold Kling particularly with the theme involving the concept of market failure in the U.S. He argues on the advice given by Kling citing that strengthening the hand of those who insist that instances of market failure are sufficient...

  • FAITH IN THE GLOBAL ECONOMIC SYSTEM. Taylor, Michael H. // Studies in Christian Ethics;2004, Vol. 17 Issue 2, p197 

    This article raises the issue of confidence in the global system, especially in its ability to deliver the goods: both material and moral. It reflects our concern, and Ronald Preston's concern, that faith insights should be incorporated into the substance of our economic policies. In response,...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics