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| Tekijä: | Moati, P. |
| Otsikko: | Goals, rationality criteria and market functioning |
| Lehti: | Review of Political Economy
1995 : JAN, VOL. 7:1, p. 52-71 |
| Asiasana: | MARKET CONDITIONS MARKET THEORY |
| Kieli: | eng |
| Tiivistelmä: | The behaviours of economic operators may be directed by goals and rationality criteria other than those postulated by neoclassical theory. Under certain conditions, the existence of deviant goals and rationality criteria, far being eliminated by the process of "natural selection", has a profound effect on market functioning. It alters the "natural selection" criterion and thereby influences the market trajectory. It can also favour the development of specific mechanism of co-ordination. |
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