Meanings of methodological individualism

G.M. Hodgson

    Research output: Contribution to journalArticlepeer-review

    192 Citations (Scopus)
    722 Downloads (Pure)

    Abstract

    Advocacy of ‘methodological individualism’ is a widespread, especially among economists. However, the term is rarely defined with adequate precision and some crucial ambiguities are explored in this article. Among these is the commonplace ambivalence over whether explanations should be in terms of individuals alone, or in terms of individuals plus relations between them. It is shown that a great deal hinges on this subtle and often overlooked distinction in explanantia. In particular, explanations in terms of individuals alone have never, as yet, been achieved. Furthermore, the more feasible version of explanations in terms of individuals plus relations between them amount to the introduction of social structure alongside individuals in the explanantia. Serious questions remain whether this version warrants the one-sided emphasis on individuals in the term ‘methodological individualism’.
    Original languageEnglish
    Pages (from-to)211-226
    Number of pages16
    JournalJournal of Economic Methodology
    Volume14
    Issue number2
    DOIs
    Publication statusPublished - 2007

    Keywords

    • Joseph Schumpeter
    • social structures

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