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The Question of "Equilibrium" in Human Action and the Everyday Paradox of Rationality

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  • Froman, Wayne J

Abstract

This paper first specifies how Schutz's analysis of deliberation determines the limits of rationality where individual human action is concerned. This analysis establishes that there is no equilibrium of alternative possibilities before or after deliberation. Next the paper specifies how Schutz's analysis of the typification that makes successful intersubjective action possible leads to the "paradox of rationality on the common sense level." Finally, the paper explains how Schutz's analysis of "relevance" can provide an account for this paradox, and thereby point to an order of human interaction in the absence of equilibrium, all without violating the postulate of subjective interpretation. Copyright 2001 by Kluwer Academic Publishers

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  • Froman, Wayne J, 2001. "The Question of "Equilibrium" in Human Action and the Everyday Paradox of Rationality," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 14(2-3), pages 173-180, September.
    • Handle: RePEc:kap:revaec:v:14:y:2001:i:2-3:p:173-80
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