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"economic rationality" is correct and usable in written English.
It refers to the concept of making decisions based on logical and efficient use of resources in order to achieve desired outcomes. Example: The government's decision to increase taxes was based on economic rationality, as it aimed to balance the budget and promote growth.
Exact(60)
Wendel, W. Bradley, "Economic Rationality vs. Ethical Reasonableness: The Relevance of Law and Economics for Legal Ethics" (2005).
Moving to the opposite end of the theoretical spectrum from rational decision making, a more sociological approach emphasizes social context over economic rationality as the key to decision making.
And as Diesing notes, "The more economically advanced a culture is, in general, the wider the scope for economic rationality".
Economic rationality, conceptions of rationality used in economic theory.
However, the death penalty today is precisely grounded in an "economic" rationality.
Smith, though, often seems to neglect the economic rationality of that decision.
But the belief that economic rationality always prevents war is an equally great illusion.
In terms of economic rationality, it didn't make any sense, really.
What appears to be an exercise in economic rationality often turns out to be unfair.
Unfortunately, however, economic rationality does not always win the day when it comes to political decisions.
Defining economic rationality; deviations from rationality and their influence on markets; approaches to modeling bounded rationality.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com