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The Transaction Paradigm: A Critique

rational dimension is subsumed. Now the sand-castles are high and dry-far from the receding waves. Theorists must now deal with a different reality. They must explain where the action went. The transaction paradigm emerges as hard political analysis, replacing ideological, reformist, and idiosyncratic paradigms. Social bargaining, exchange ofvalues, the logic of events come to dominate the literature, whether embodied in empirical/quantitative or in normative/descriptive studies. Like ’symbolic interactionism’ (a form of the paradigm), social transactions