Why Economists Should Pay Heed to Sociology

Michael Hechter

Review of Behavioral Economics, 2015, vol. 2, issue 1-2, 89-92

Abstract: Gintis and Helbing suggest that certain elements from classical sociological theory can be usefully incorporated into a general equilibrium model, thereby providing a superior explanation of social behavior. Although the paper seemingly is addressed to sociologists, I argue that their message is likely to fall on deaf ears. Instead, their paper should properly be addressed to economists. Whether economists are prepared to listen, however, is an open question.

Keywords: Economics; Sociology; Rational choice theory; Norms; General equilibrium; Nash equilibrium (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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