When our dollars reach China and other foreign countries, they can't be eaten, nor would any rational individual hide them.
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Behaviour that may be rational for individual actors can cause chaos if everyone copies it.
It is entirely possible for diligent analysts to award ratings that are rational at the individual level but entirely irrational when viewed collectively.
The reason why economists in the late 19th century and much of the 20th put the rational utility-maximising individual at the heart of their models was not that they thought that economics should avoid looking into the brain, but because they lacked the technical means to do so, says Mr Colander.
Based on such a life, a clean liver is free to use rational persuasion to reach any individual within his purview with a single unrelenting message: healthy, life-promoting values are the meaning of life.
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The global economy is a complex system and is a function of millions of individual actors making decisions for both rational and irrational reasons.
What about a political vision in which the individual is respected as a separate, rational, self-responsible person who finds value voluntarily choosing (or not) to engage with others personally, culturally, or commercially?
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Reasonable suspicion requires 'articulable' facts which, taken together with rational inferences, reasonably warrant a determination that an individual is known or suspected to be or has been engaged in conduct constituting, in preparation for, in aid of or related to terrorism and terrorist activities, and is based on the totality of the circumstances.
From the perspective of those individual countries, such selfishness probably felt quite rational.
The rational and worthy institutions of government require a rational underlying political philosophy, with an abiding respect for individual rights and the rule of law.
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So can rational tax policy: keeping marginal rates on corporate profits, individual income and investment gains low to encourage hiring and capital deployment.
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