From Greenspan’s Despair to Obama’s Hope: The Scientific Basis of Cooperation as Principles of Regulation (Del Desespero de Greenspan a la Esperanza de Obama: Las Bases Científicas de la Cooperación Como Principios de Regulación) (Spanish)

Revista de Economía Institucional, Vol. 12, No. 23, pp. 29-53, 2010

25 Pages Posted: 13 Dec 2010  

Yochai Benkler

Harvard University

Date Written: December 1, 2010

Abstract

A common assumption, often accepted by regulators – that individuals act only in their narrow self-interest – is false. Evidence from both the natural and social sciences suggests that most people are strongly motivated to cooperate and help one another. Organizations (such as Toyota and Wikipedia) that cultivate and take advantage of these inclinations have prospered. Policy can be designed to incorporate attitudes toward cooperation, and to channel these tendencies in productive directions.

Notes: Downloadable document is in Spanish.

Keywords: Cooperation, Altruism, Communication, Critique of Rational Actor Model, Solidarity, Situational Framing, Norms, Trust, Transparency, Reputation, Social Dynamics

JEL Classification: D03, D64

Suggested Citation

Benkler, Yochai, From Greenspan’s Despair to Obama’s Hope: The Scientific Basis of Cooperation as Principles of Regulation (Del Desespero de Greenspan a la Esperanza de Obama: Las Bases Científicas de la Cooperación Como Principios de Regulación) (Spanish) (December 1, 2010). Revista de Economía Institucional, Vol. 12, No. 23, pp. 29-53, 2010. Available at SSRN: https://ssrn.com/abstract=1724754

Yochai Benkler (Contact Author)

Harvard University ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

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