What is the meaning of Rationalisation in economics?
What is the meaning of Rationalisation in economics?
In economics, rationalization is an attempt to change a pre-existing ad hoc workflow into one that is based on a set of published rules. There is a tendency in modern times to quantify experience, knowledge, and work. The rationalization process is the practical application of knowledge to achieve a desired end.
What do you mean by rationalization?
Definition of rationalization : the act, process, or result of rationalizing : a way of describing, interpreting, or explaining something (such as bad behavior) that makes it seem proper, more attractive, etc.
What is an example of rationalization?
Rationalization. For example, a person who is turned down for a date might rationalize the situation by saying they were not attracted to the other person anyway. A student might blame a poor exam score on the instructor rather than their own lack of preparation.
What did Karl Marx mean by rationalization?
For Marxist philosophy in general, rationalization is closely associated with the concept of “commodity fetishism”, for the reason that not only are products designed to fulfill certain tasks, but employees are hired to fulfill specific tasks as well.
What is rationalization in research paper?
Rationalisation happens in two steps: People often rationalise in research because they are asked to provide explanations for behaviour that is either irrational or habitual that they have not previously had to consider or verbally justify.
What is rationalization of denominator?
Rationalizing the denominator means the process of moving a root, for instance, a cube root or a square root from the bottom of a fraction (denominator) to the top of the fraction (numerator). This way, we bring the fraction to its simplest form thereby, the denominator becomes rational.
What is rationalization of past?
A past choice that was suboptimal given one current action may not have been suboptimal given another current action. If so, then a person can rationalize her past choice by changing her current action; often someone can choose a current action consistent with her past choice having been optimal.
Why do we rationalize?
We rationalize the denominator to ensure that it becomes easier to perform any calculation on the rational number. When we rationalize the denominator in a fraction, then we are eliminating any radical expressions such as square roots and cube roots from the denominator.
What is the definition of rationalization according to Max Weber?
The rationalization of society is a concept that was created by Max Weber. Rationalization refers to the process by which modern society has increasingly become concerned with: Efficiency: achieving the maximum results with a minimum amount of effort. Predictability: a desire to predict what will happen in the future.
What is rationalization to Weber?
What is rationalization according to Weber as described by Ritzer?
“McDonaldization” is a term used by sociologist George Ritzer in his book The McDonaldization of Society (1993). In sociology, rationalization refers to the replacement of traditions, values, and emotions as motivators for behavior in society with rational, calculated ones.
Is it rationalise or rationalize?
As verbs the difference between rationalize and rationalise is that rationalize is to make something rational or more rational while rationalise is .
What does rationalization mean?
What is Rationalization. Rationalization is a reorganization of a company in order to increase its operating efficiency. This sort of reorganization may lead to an expansion or reduction in company size, a change of policy, or an alteration of strategy pertaining to particular products offered.
What is a rationalization fallacy?
Rationalization as a defense mechanism is similar to rationalization as a logical fallacy. It involves attempting to justify an event or action that doesn’t make sense, or that is known to be harmful by describing the event or action as the result of a plausible system or chain of events.
What is the noun for rationalization?
rationalization. noun. /ˌræʃnəlaɪˈzeɪʃn/. /ˌræʃnələˈzeɪʃn/. ( British English also rationalisation) [uncountable, countable] jump to other results. the act of finding or trying to find a logical reason to explain why somebody thinks, behaves, etc. in a way that is difficult to understand.
