The end of World War Two led to the extensive use of rational choice theory in economics. As defined by Scott (2000, 1), rational choice theory (RCT) is “the idea that all action is fundamentally ‘rational’ in character and that people calculate the likely costs and benefits of any action before deciding what to do.” … Continue reading
As citizens of America, we are all reminded of the far distant goal of ‘The American Dream’; this means that everyone, regardless of race, is able to achieve success and prosperity. Even foreigners immigrate to America in the hopes of achieving ‘The Dream’. Yet, sadly after the financial crisis this dream has sadly descended to … Continue reading
A Multi-lens Look at Indonesia
The Keynesian in a Foxhole 