A PARADOX OF SOCIAL RATIONALITY

Ahmet Kara

Rationality and Society, 1999, vol. 11, issue 2, 187-206

Abstract: This article proves the existence of perplexing cases where individual irrationality is more conducive than individual rationality to producing rational and Pareto-efficient social preferences. Though the existence of such cases does not undermine the overall importance of individual rationality in achieving desirable social outcomes, it does establish that the nature of that importance is `contextual' or `context-dependent'.

Keywords: irrationality; social rationality; The Paretian Liberal paradox (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ratsoc:v:11:y:1999:i:2:p:187-206

DOI: 10.1177/104346399011002004

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