Article ID Journal Published Year Pages File Type
970326 The Journal of Socio-Economics 2006 18 Pages PDF
Abstract

The paper discusses rationality at two levels. According to a common opinion the key to rationality at the group level is a willingness to contribute unselfishly at the individual level. I claim that even when rationality at the individual level is denied, it is often achieved by social punishment. The difficulty to organize a social project is exaggerated. The relative ease of implementing individual rationality has the disadvantage of frequently establishing and maintaining social order that, despite some enthusiastic proponents, fails to deliver rationality at the group level.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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