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Desires in Economics
At the heart of economics is a concept that bears a striking resemblance to a desire. Economists use preferences to explain and predict people's choices. However, what exactly we are talking about when we talk about preferences in the context of economics has been debated in the discipline for well over 150 years. This chapter outlines and critically assesses the dominant views on the nature of preferences in economics. It also offers some reflections on the relevance of the debate about the nature of preferences in economics.
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