Published online by Cambridge University Press: 28 February 2024
Like many interested in the gift, I have to confess to having always experienced a certain attraction for methodological individualism. Through its way of approaching social actors, methodological individualism introduces the actor's concern: what are the sound principles which account for the behaviour of the actors that are observed? This is the question which individualism compels us constantly to ask. Admittedly, its response is almost always the same: self-interest. As R.H. Frank wrote:
Most [economists’] texts mention at the outset that our rational choice model takes peoples’ tastes as given. They may be altruists, sadists, masochists; or they may be concerned solely with advancing their own material interests. But having said that, most texts then proceed to ignore all motives other than material self-interest.
(Frank, 1994, p. xxiii)