Even if formally precise, the economic concept of rationality has different empirical implications depending on how it is used in theory building. If it is used as a tool of microfoundation in multi-level analysis it can be applied universally, but does not imply a specific model of human behavior. As a means of constructing microtheories proper it is, on the other hand, translated into a definite model of man but can be applied only to specific situations. This model, known as (...) homo oeconomicus or economic man, should not be taken as an assertion about human nature but rather as a shorthand description of the behavior enforced and stabilized by social situations of a certain type. (shrink)

Eichenberger’s ‚deregulation‘ concept is designed to make political competition as similar to market competition as possible. The aim is to replace the competition of encompassing programmes by the competition of issue specific policies. In my view this idea is mistaken. First, it is by no means clear how the proposed institutions might work, since no hint is given how issue specific policy supply and unspecific political demand are matched. Second, and more important, the conception is normatively unconvincing. It aims at (...) dissolving the political decisions of a society into an aggregate of separate and mutually independent issue specific policy decisions - which would destroy the role politics has in a market society, namely, to provide market-complementary and not just market-analogous decisions. (shrink)