Tagged: Frances Woolley

Culture and agents - The Dismal Science

Eric Crampton Apr 04, 2013

Frances Woolley very nicely points out the problem with hand-wavy references to 'culture' as explanation: by explaining everything, it explains nothing. She also points out that it violates economists' methodological individualism: "Culture" as an explanation also violates what Eric Crampton calls "the first rule of the microeconomists club": methodological individualism. A good economic explanation starts with the choices of … Read More