Hartmut Kliemt Is Rational Choice Theory Sufficient to Explain the Coming About of Social Order?
© Frankfurt School of Finance & Management
Frankfurt School of Finance & Management
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The research presented in this video tackles the old philosophical question on the reasons for social order with the means of modern economics. As HARTMUT KLIEMT elaborates, the rational choice assumption – that human behavior is guided by looking at causal consequences – cannot explain sufficiently why social order exists, because it does not account for rule-following behavior. Thus he shows that economic models of law or politics need to be improved by integrating rule-following behavior.
LT Video Publication DOI: http://dx.doi.org/10.21036/LTPUB10156
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