@article {10.3844/ajassp.2005.61.68,
article_type = {journal},
title = {Irrationality in the Neoclassical Definition of Rationality},
author = {Keen, Steve},
volume = {2},
year = {2005},
month = {Dec},
pages = {61-68},
doi = {10.3844/ajassp.2005.61.68},
url = {https://thescipub.com/abstract/ajassp.2005.61.68},
abstract = {In this study we are not arguing that competition as it actually occurs in practice is not socially beneficial. Our criticism is directed instead at the false belief that rational profit-maximizing behavior and competition as defined by neoclassical economic theory will lead to a welfare-maximizing outcome-again, as defined by neoclassical theory.},
journal = {American Journal of Applied Sciences},
publisher = {Science Publications}
}