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Exchange versus influence: a case of idealization
[journal article]
Abstract The intertheoretical relation between economic equilibrium theory and a theory of social institutions is studied in reduced form, i.e. by comparing the central primitives rather than the full formal models. It is shown that equilibrium can be regarded as a limit of institutions with ever more symmet... view more
The intertheoretical relation between economic equilibrium theory and a theory of social institutions is studied in reduced form, i.e. by comparing the central primitives rather than the full formal models. It is shown that equilibrium can be regarded as a limit of institutions with ever more symmetrical power relations. Economic equilibrium theory thus is shown to be an idealization of the theory of social institutions. A provisionary topology which gives substance to the notion of a limit is defined "internally", i.e. by reference to items occurring in the models only. The meta-scientific status of idealization is briefly discussed.... view less
Keywords
sociology; equilibrium theory; social institution; equilibrium; theoretical economics; ideal type; sociological theory; economy; market; exchange theory; theory formation; barter
Classification
National Economy
Philosophy of Science, Theory of Science, Methodology, Ethics of the Social Sciences
General Sociology, Basic Research, General Concepts and History of Sociology, Sociological Theories
Method
epistemological; theory formation
Free Keywords
economy; equilibrium; social institution; idealization
Document language
English
Publication Year
1994
Page/Pages
p. 189-203
Journal
Poznan studies in the philosophy of the sciences and the humanities, 38 (1994)
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works