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Date: | Fri Mar 31 17:18:53 2006 |
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Methodological individualism, that today is about the only real key
distinctive feature of economics with respect to other social sciences, is
surely a very effective way of looking at society. On the other hand, a
"mono methodological individualism view" can disregard the role of
institutions in individual's actions and society: institutions surely are
outcomes of individual's actions, but, once they exist, they undoubtedly
influence individual actions -- a typical example is market. Market prices,
for instance, are surely at the end determined by individual actions, but
nobody can deny that real markets are something more than just "outcomes
of action by individuals." All organization theory is about interplay
between individuals outcomes (rules, norms, �) retroacting to individual
actions.
Luigino Bruni
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