Rationality, Psychology and Capitalism

2026/04/17 by Arkadiusz Sieroń · 1 voice
Arts and Humanities · Economics, Econometrics and Finance · Social Sciences · #Critical Realism in Sociology #Economic Theory and Institutions #Philosophical Ethics and Theory

paper · doi:10.4337/9781035394012

openalex publication_date 2026/04/17 · openalex created_date 2026/04/23 · openalex updated_date 2026/05/17

Abstract

Providing a thorough defence of economics against behavioural imperialism and psychologism, Arkadiusz Sieroń argues that psychology should not play a significant role in economic theory. He focuses on the role of rationality in economics, the psychological theories of the business cycle, the debate surrounding the impact of capitalism on mental health, and anti-market sentiment.

Citations

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• The misunderstood limits of folk science: an illusion of explanatory depth
• The psychology of system justification and the palliative function of ideology
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• Learned helplessness in humans: Critique and reformulation.
• Social identity and intergroup behaviour
• Availability: A heuristic for judging frequency and probability
• Expectations and the neutrality of money
• Consumption Theory in Terms of Revealed Preference
• A Note on the Pure Theory of Consumer's Behaviour
• Subjective well-being: The science of happiness and a proposal for a national index.

Discussions

• 🟠 New Fully Open Access Book (Read Today) Rationality, Psychology and Capitalism by Arkadiusz Sieroń (@ArkadiuszSieron) Read the full book online here: doi.org/10.4337/9781... Learn more: www.e-e [bsky, 1 points, 0 comments]

Related

• Where Is Capitalism? Unmasking Its Hidden Role in Psychology
• The crisis we are not naming: The psychology of capitalism
• Hayek's extended mind: on the (im)possibility of Austrian behavioural economics
• Behavioral Economics: Past, Present, and Future
• Hayekian psychological economics: expectations and learning