I want to talk to you today a little bit about predictable irrationality.

58. Arrogance and irrationality must not prevail over the principles of justice and respect among sovereign nations.

Economists seek to detect collective irrationality, and economic models that assume individual rationality facilitate that. By ensuring that policies respond to flaws in the rules of the game, not to individuals fallibility or irrationality, this methodological individualism saves us from dictatorial paternalism.

Lastly, the fight against intolerance involved the entire international community, which must stand against irrationality and exclusion and reaffirm its accountability to refugees.

Hence, the non causal nature and the irrationality of racism on the one hand and the innocence par excellence of the victim on the other hand.

Greed, selfishness and irrationality will visit catastrophe upon us, from which those who refuse to accept a different world born of solidarity and justice will not be spared.

On the question of what caused the crash, the debate is more even. Krugman is hampered by the fact that he attributes the crash to irrationality, which, as Cochrane points out, is no theory.

The irrationality of racism makes it even more dangerous because there is no logical cure which may be found. As such, racism is diametrically opposed to the basic tenets of human rights and civilization.

The sheer nihilistic irrationality of terrorism strains and tests our own beliefs like nothing else can. Yet the terrorist blows inflicted on New York, London, and Madrid over the past decade have not shaken Western democracies.

Laurie Santos looks for the roots of human irrationality by watching the way our primate relatives make decisions. A clever series of experiments in monkeynomics shows that some of the silly choices we make, monkeys make too.

Fueled by religious rhetoric and a bloody history, the conflict engenders a degree of passion and irrationality that is difficult to moderate. As has been said Where the fires of faith are burning, the goddess of reason tiptoes silently out of the room.

But it s theoretical nihilism, Cochrane argues, to ascribe these excessive fluctuations to irrationality as Krugman does. What Krugman is really after ( though he can t quite come out and say this ) is for the government to take charge of the allocation of capital.

Barcelona The financial crisis, credit crunch, and ensuing economic downturn have severely damaged the credibility of financial markets, institutions, and traders. More and more people are claiming that markets are characterized by irrationality, bubbles, fads, and frenzies, and that economic actors are driven by behavioral biases.

The problem is not caused by human irrationality on the contrary, it arises precisely because bankers are acting rationally. As we know from environmental regulation, preaching common sense or ethics to bankers will not help but changing bankers incentives by, say, requiring higher equity asset ratios would work wonders.

MADRID Seen from Europe, the irrationality of the political and media discourse over nuclear energy has, if anything, increased and intensified in the year since the meltdown at Japan s Fukushima Daiichi power plant. Yet a dispassionate assessment of nuclear energy s place in the world remains as necessary as it is challenging.

Given such sentiments, it will prove almost impossible at the review conference to build a consensus in favor of further necessary strengthening of the non proliferation regime, with improved safeguards, export controls, security disciplines, and sanctions against withdrawal from the treaty. The irrationality of such resistance is not likely to weaken it.