Katallactic Rationality

Abstract

Abstract IS the well‐known finding of experimental economics that talk is correlated with co‐operation in prisoner‐dilemma contexts related to Adam Smith's claim that trade requires language? Using Smith's postulate of the existence of a desire for approbation and the supposition that language carries approbation, we demonstrate how the ability to exchange approbation enhances the rationality of co‐operation.

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