CHAPTER 4: ECONOMIC APPROACH OR CULTURAL/SOCIOLOGICAL APPROACH

economic approach

utility

economic approach

logic of exchange

economic approach

preferences can only held by individuals

economic approach

actors: fixed set of preferences

economic approach

determine exchanges but do not influence

economic approach

nature of action: universal

economic approach

preferences of agents is maximize individual utility

economic approach

undersocialized view of how agents establish preferences

cultural/sociological approach

individualistic

cultural/sociological approach

logic of appropriateness

cultural/sociological approach

predetermined/templates/scripts

cultural/sociological approach

individuals can’t be considered as fully rational

cultural/sociological approach

determine actors preferences and also create them

cultural/sociological approach

“Who am I?” = action

cultural/sociological approach

oversocialized

cultural/sociological approach

need foundations