This paper first specifies how Schütz'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 Schütz'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 Schütz'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.
The Review of Austrian Economics – Springer Journals
Published: Oct 6, 2004
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