In a providential account of the changing relation between political economy and economics, the late nineteenth-century development of economics is identified with the rational choice model; and the revival of political economy in the late twentieth century comes with the export of this model to politics and the other social sciences. An alternative prudential account locates the revival of political economy with a significant qualification to the rational choice model. This qualification restores an eighteenth- and nineteenth-century view of rule-following to (...) human agency. This essay sets out these accounts and draws the conclusion that the choice of one over the other matters, not least for the practice of contemporary politics. (shrink)

By his definition of them, David Gauthier's co-operative constrained maximizers are not necessarily unsharing and disposed to exclude straight maximizers from benefits of their co-operation. Here is Gauthier's full and exact account, his official account, of constrained maximization.

Jan Österberg (Self and Others, 1988) argues that the most defensible form of egoism should not only tell each of us what to do but also tell us what we ought to do. He also claims that collective norms should take precedence over individual ones. An individual ought to do one's part in an action pattern that is prescribed for the group - provided that other members of the group do their part. question This paper questions Österberg's claim that Collective (...) Egoism, unlike other forms of egoism, avoids violations of the principles which he takes to be analytical adequacy criteria for ethical theories: the principles of "deontic consequence" and "joint satisfiability". Furthermore, it questions his argument that Collective Egoism yields the "right" prescriptions in its main test-case: Prisoners' Dilemma. The improved version of Collective Egoism is able to deal with the two-person Prisoners' Dilemma, but it still misbehaves when we move to the many-persons cases. A certain type of "free rider"-problems proves to be especially troublesome. (shrink)