In: Economics
define the concept critique of methodological individualism and explain its importance to the study of economics and law. Next, relate this concept to an example from a contemporary news story in Canada. When you explain how you have made the connection between the course text and the news story, be sure to use quotations
Answer:Methdological Individualism is the concept that personalised any commom person motivation to social event and not just any section of scoiety false in nature and cannot explain society.Economically it provide the stability and exposure for social system in society which would be in continuation mode and norms which would be beneficial for common person in society.Social laws are evidently constituted by the behavior of section of society.Social laws are exceptional and conditional in nature and especially when it comes to society which is divided in various sections of society.And it may regulate social behavior.
Recently news story in Canada highlighting Candadians people start ignoring social distancing rules.They start assembling common place,start going their immediate household,despite loud and clear warnings as there still high risk of covid-19 pandemic.
Here,social circumstances is exceptional,never see before where people are so close-knitted with each other.They change their social behaviour for a while but methodologocal individualism plays its part here as the principal of society motivates them to be together despite its immediate danger.