Cognitive Perspectives in Economics

The integration of learning cognitive agents in the research agenda is an important step in the evolution of economics. However, relying on a retrospective analysis of the treatment of decision making in economics, this article argues that the cognitive programme aims to justify rational behaviour in an equilibrium framework rather than to integration an interpretative conception of agents' behaviour. As a consequence, the level of generality of analytical results remains limited and economists miss the opportunity to establish a discussion with other social sciences. In particular, it fails to analyse a class of situations related to the problem of knowledge creation and the subsequent learning paradox.