University of Massachusetts Boston ScholarWorks at UMass Boston Economics Faculty Publication Series Economics 10-1-2009 Rationality and Humanity: A View From Feminist Economics Julie A. Nelson University of Massachusetts Boston,
[email protected] Follow this and additional works at: http://scholarworks.umb.edu/econ_faculty_pubs Part of the Applied Behavior Analysis Commons, Behavioral Economics Commons, Economic Theory Commons, and the Sociology of Culture Commons Recommended Citation Nelson, Julie A., "Rationality and Humanity: A View From Feminist Economics" (2009). Economics Faculty Publication Series. Paper 38. http://scholarworks.umb.edu/econ_faculty_pubs/38 This is brought to you for free and open access by the Economics at ScholarWorks at UMass Boston. It has been accepted for inclusion in Economics Faculty Publication Series by an authorized administrator of ScholarWorks at UMass Boston. For more information, please contact
[email protected]. Rationality and Humanity A VIEW FROM FEMINIST ECONOMICS Julie A. Nelson INTRODUCTION DOES RATIONAL CHOICE THEORY (RCT) HAVE SOMETHING IMPORTANT to contribute to the humanities? Usually the arguments for answering “yes” to this question go something like the following: The application of RCT has proved to be a powerful tool in economics and the social sciences, leading to clear and rigorous insights unattainable from less precise methods. There- fore, by also harnessing this power, the disciplines in the humanities could advance toward be- coming more elegant, rational, and forceful in their explorations of human behavior. As an economist, I’d like to address this argument on its home ground. Has the use of RCT advanced economics in good and useful ways? More precisely, what are the disciplinary values adopted in economics according to which the application of RCT has been judged a “success”? Is this system of values one we want to continue to endorse even in economics, not to mention more generally? This essay argues that the advantages of RCT have been much overrated within economics.