How Do You See the Play Between the Universal and the Particular?

In my estimation, you're one of the best natural economic minds i've ever encountered in close to forty years of teaching. One of your great strengths is that you also have always understood and stressed context, legal, political, social contexts. So how do you see those factors, the particular, both shaping and being shaped by rational choice or economic man? And can you illustrate how you see all this working out in, let's say, the evolution and development of the lightships,. which is award winning paper.