PSC 338 Lecture Notes - Lecture 2: John Stuart Mill, Lifeworld, Risk Management
6 Apr 2019
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Document Summary
The view that all knowledge can be expressed in the form of a system and that in principle everything can be known. Extent of impersonal, quantitative calculation that is possible in decision- making. Risk management, calculated action oriented to ends. Rationality of social system through media of money and power. Argued to be colonizing" rationality of the life world" of personal relationships. Acting in relation to some ultimate values. Status, egalitarian, social justice, or any values by which to judge outcome of actions: rational choice theory: Theory of action that sees individual self-interest as the fundamental human motive and traces all social activities back to acts of rational calculation. Prices and the allocation of resources can be explained by the rational maximization of utility by economic actors in relation to their monetary interests. Benefit or satisfaction which derived from consumption of a commodity. Views all human activity as motivated by the desire to gain rewards and avoid costs.
