Review of Behavioral Economics > Vol 2 > Issue 1-2

Why Economists Should Pay Heed to Sociology

Michael Hechter, School of Politics and Global Studies, Arizona State University, USA and Department of Sociology, University of Copenhagen, Denmark,
 
Suggested Citation
Michael Hechter (2015), "Why Economists Should Pay Heed to Sociology", Review of Behavioral Economics: Vol. 2: No. 1-2, pp 89-92. http://dx.doi.org/10.1561/105.00000020

Published: 29 Jul 2015
© 2015 M. Hechter
 
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Keywords
EconomicsSociologyRational choice theoryNormsGeneral equilibriumNash equilibrium
 

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Why Economists Should Pay Heed to Sociology
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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.

DOI:10.1561/105.00000020