Variant: The principle of bounded rationality [is] the capacity of the human mind for formulating and solving complex problems is very small compared with the size of the problems whose solution is required for objectively rational behavior in the real world — or even for a reasonable approximation to such objective rationality.
Source: 1940s-1950s, Administrative Behavior, 1947, p. 198.
“Hayek’s theory of evolutionary rationality shows how traditions and customs (those surrounding sexual relations, for example) might be reasonable solutions to complex social problems, even when, and especially when, no clear rational grounds can be provided to the individual for obeying them. These customs have been selected by the ‘‘invisible hand’’ of social reproduction, and societies that reject them will soon enter the condition of ‘‘maladaptation,’’ which is the normal prelude to extinction.”
"Hayek and conservatism", in Edward Feser (ed.), The Cambridge Companion to Hayek (2006)
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Roger Scruton 45
English philosopher 1944–2020Related quotes
Eric Maskin, " Nash equilibrium and welfare optimality http://emlab.whu.edu.cn/syzx/upfiles/20071108083852736.pdf." The Review of Economic Studies 66.1 (1999): 23-38.
Source: A social information processing approach to job attitudes and task design. 1978, p. 231
Homosexuality: Bipotenitality, Terminology, and History
Preface to the Third Edition (August 1942)
The Mass Psychology of Fascism (1933)
Context: If, by being revolutionary, one means rational rebellion against intolerable social conditions, if, by being radical, one means "going to the root of things," the rational will to improve them, then fascism is never revolutionary. True, it may have the aspect of revolutionary emotions. But one would not call that physician revolutionary who proceeds against a disease with violent cursing but the other who quietly, courageously and conscientiously studies and fights the causes of the disease. Fascist rebelliousness always occurs where fear of the truth turns a revolutionary emotion into illusions.
Source: 1960s, Robots, Men and Minds (1967), p. 69