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The Knowledge We Have Lost in InformationThe History of Information in Modern Economics$
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Philip Mirowski and Edward Nik-Khah

Print publication date: 2017

Print ISBN-13: 9780190270056

Published to Oxford Scholarship Online: June 2017

DOI: 10.1093/acprof:oso/9780190270056.001.0001

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It’s Not Rational

It’s Not Rational

(p.1) 1 It’s Not Rational
The Knowledge We Have Lost in Information

Philip Mirowski

Edward Nik-Khah

Oxford University Press

Given our plan to discuss epistemology in all its various guises in the modern history of orthodox economics, we begin this book by squarely confronting the treatment of Truth in economic theory. We suggest that broader cultural attitudes toward Truth and its accessibility are situated in a context larger than economics, using detective stories as our example. From there, we proceed to discuss some attempts to shoehorn the “history of rationality” into the history of economics.

Keywords:   truth in economics, Frank Knight, Rob Horning, spy novels, rational choice theory

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