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- W2024962663 abstract "In recent years economists have discovered social exchange, reciprocity motives, poverty traps, cultural evolution, and contextual effects on behavior. Our excitement has been only slightly diminished by an occasional bemused observation that, like pre-Columbian North America, these were not exactly uninhabited territories awaiting our arrival. So the question is bound to come up: What do economists know about social interactions that sociologists do not? Steven Durlauf, who unlike many economists is no newcomer to sociological thinking, has written an arresting paper suggesting a possible answer: Economists have a distinctive model of the way that individual action generates aggregate outcomes at the level of an entire population, or what Durlauf calls the emergent properties of the system. When general equilibrium theory can be rescued from empirically vacuous depends on everything claims and from the particular assumptions of the dominant Walrasian (or neoclassical) paradigm, it has a lot to say about social interactions, as Durlauf's novel variant of this framework makes clear. Of course, Durlauf makes no such claim: his model is a vehicle for importing sociological ideas into economics; he is not in the export business (which again distinguishes him from most economists with an interdisciplinary bent). But in this journal it is certainly worth asking what sociologists might take home from his efforts. The take-home here it is not the attention to system-level outcomes, for this is the bread and butter of social stratification research, historical sociology, and many other branches of sociology. Rather it is the economists' method of modeling emergent properties as the result of a strong version of intentional action in which the system-wide outcomes are represented as mutual best responses of reasonably well-informed individuals pursuing their autonomous projects. In this short note I want to say why what Durlauf has done" @default.
- W2024962663 created "2016-06-24" @default.
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- W2024962663 date "2001-01-01" @default.
- W2024962663 modified "2023-09-27" @default.
- W2024962663 title "Comment: Individual Behavior and Social Interactions" @default.
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- W2024962663 doi "https://doi.org/10.1111/0081-1750.00090" @default.
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