structure and individual

from “The Next Factory of the World: How Chinese Investment Is Reshaping Africa”

Structural forces are suggestive but not decisive. Personal commitment and company-level ingenuity still count”

from the seminal paper where the rationality of the economic actor is discussed (go search for it, old paper from maybe 1965 circa, quoted by Beatrice Cherrier on twitter

something related here,

economic actors can diverge from economic rationality, like for example disregarding maximitation and ignoring constraints, but once non-rationaly gets them in the red and broke they probably fall back into economic rationality, which as a whole still well describe the economic actor

memo: Flying Geese Theory


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