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The iron cage revisited: institutional isomorphism and collective rationality in organizational fields paul j dimaggio walter w powell yale university. Theme: my essay focuses on the rift between the individual and collective rationality going by adam smith's theory every individual has her own rationality an. Essay - free download as word doc 'instrumental conception of individual rationality which shows the flaws of rct in both individual and collective levels. 51 individual rationality 52 collective rationality and social choice an essay in the philosophy of economics, new york: columbia university press.
Zey, m (1998) individual rationality versus collective rationality in rational choice theory and organizational theory: a critique (pp 13-32. At the individual level, rational choice theory stipulates personal and collective survival and bounds to rationality: essays on economic.
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