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Filling in the Background

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  • Jochen Runde

Abstract

Commonsense rational choice explanations exploit a form of intentional causation, an idealized version of which underpins the formal rational modelling of modern economic theory. Following John Searle, it is argued that the deliberations and activities of economic actors do not bottom out in intentional states, but in various nonintentional or 'Background' capacities and dispositions. It is shown why the formal version of rational choice theory employed in economics does not have the resources to address such capacities and dispositions, and that the prevailing commitment to this theory thereby reinforces their neglect. Examples are given of the impact of Background phenomena in the economic realm.

Suggested Citation

  • Jochen Runde, 2001. "Filling in the Background," Journal of Economic Methodology, Taylor & Francis Journals, vol. 9(1), pages 11-30.
    • Handle: RePEc:taf:jecmet:v:9:y:2001:i:1:p:11-30
    DOI: 10.1080/13501780110120082
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    References listed on IDEAS

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    1. Carroll, Glenn R. & Teece, David J. (ed.), 1999. "Firms, Markets, and Hierarchies: The Transaction Cost Perspective," OUP Catalogue, Oxford University Press, number 9780195119510, Decembrie.
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