We define a "hot potato" to be a good that may be traded a finite number of times, but which becomes a bad if and when it can no longer be exchanged. We describe a game involving such goods, and show that non-acceptance is a unique subgame perfect Nash equilibrium for rational egoists. Contrastingly, experiments with human subjects show…

Suggests that this book is a major contribution to sociology and that its greatest (and most controversial) merit is its insistence that sociological macrovariables must be demonstrably related through individual action having purposive quality. Discusses modes of theory construction, rational choice theory, and reductionism. (SV)