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How Do Institutions Steer Events? - An Inquiry into the Limits and Possibilities of Rational Thought and Action (Paperback)
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How Do Institutions Steer Events? - An Inquiry into the Limits and Possibilities of Rational Thought and Action (Paperback)
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Theories of explanation in the social sciences vacillate between
holism and individualism. Wettersten contends that this has been a
consequence of theories of rationality which assume that
rationality requires coherent theories to be shown to be true.
Rejecting these traditional assumptions about rationality
Wettersten claims that the traditional explanations of rationality
have placed unrealistic demands on both individuals and
institutions. Analysing the theories of Weber and Popper,
Wettersten shows that Popper made considerable progress in the
theory of rationality, but ultimately stayed too close to the ideas
of Hayek, he explains how this dilemma leads to difficulties in
economics, anthropology, sociology, ethics and political theory,
and constructs an alternative theory that rationality is critical
problem-solving in institutional contexts. Wettersten contends that
'the critical consideration of theories followed by their
improvement' dispenses with the need for justification and sees
rationality as a social phenomena with an institutional basis. The
main social advantages this view offers is that the degree of
rationality individuals achieve may be increased by institutional
reform without moralizing and that we can explain how institutions
steer events insofar as we understand how they determine the
problems which individuals seek to solve. It is argued that the
central moral advantage of this view is that rationality is shown
to be Spinozistic in the sense that it is natural and furthers
morality and peace of mind.
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