On Custom In The Economy
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On Custom In The Economy
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Author : Ekkehart Schlicht
language : en
Publisher: Clarendon Press
Release Date : 1998-03-26
On Custom In The Economy written by Ekkehart Schlicht and has been published by Clarendon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-03-26 with Business & Economics categories.
The aim of this book is to re-establish custom in economics. Current economic theorizing largely neglects the customary forces that underpin market exchange. Economic sociologists have stressed this repeatedly by referring to the 'embeddedness' of all kinds of economic processes. It is true that market processes do hinge on elements of custom, but custom is in turn moulded by economic processes. This other causal direction needs more attention than it has hitherto received. The waymodern institutional economics has developed points to the same deficiency. Institutional economics initially tried to analyse economic institutions as arising from market processes and competition whilst avoiding reference to all elements of custom, but it became increasingly clear that answersobtained in this fashion were critically dependent on tacit underlying assumptions about the customary infrastructure.Another current strand of thought, notably originating with game theory, has tried to understand the emergence of customs by viewing them as routines that have been adopted because of their success. This approach views customs essentially as conventions that solve coordination problems. It is driven by the economic paradigm that interprets behaviour as fully reducible to the interplay of (given) preferences and constraints whilst neglecting the direct motivational impact of custom. The secondaim of the book is thus to systematically harmonize the motivational significance of custom with institutional theorizing. The re-establishment of custom in economics will provide foundations for institutional economics which reduce the arbitrariness of current thinking.
On Custom In The Economy P
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Author : Ekkehart Schlicht
language : en
Publisher: Oxford University Press, USA
Release Date : 2018
On Custom In The Economy P written by Ekkehart Schlicht and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Business & Economics categories.
The aim of this book is to re-establish custom in economics and to harmonize the motivational significance of custom with institutional theorizing.
Customs And Excise
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Author : William J. Ashworth
language : en
Publisher: Oxford University Press, USA
Release Date : 2003
Customs And Excise written by William J. Ashworth and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
This book traces the growth of customs and excise, and their integral role in shaping the framework of industrial England; including state power, technical advance, and the evolution of a consumer society. Central to this structure was the development of two economies - one legal and one illicit. If there was a unique English pathway of industrialization, it was less a distinct entrepreneurial and techno-centric culture, than one predominantly defined within an institutional framework spearheaded by the excise and a wall of tariffs. This process reached its peak by the end of the 1770s. The structure then quickly started to crumble under the weight of the fiscal-military state, and Pitt's calculated policy of concentrating industrial policy around cotton, potteries, and iron - at the expense of other taxed industries. The breakthrough of the new political economy was the erosion of the illicit economy; the smugglers' free trade now became the state's most powerful weapon in the war against non-legal trade. If at the beginning of the period covered by this book state administration was predominantly deregulated and industry regulated, by the close the reverse was the case.
On Custom In The Economy
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Author : Ekkehart Schlicht
language : en
Publisher: OUP Oxford
Release Date : 1998-03-26
On Custom In The Economy written by Ekkehart Schlicht and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-03-26 with Business & Economics categories.
The aim of this book is to re-establish custom in economics. Current economic theorizing largely neglects the forces of custom that underpin market exchange. Economic sociologists have stressed this repeatedly by referring to the 'embeddedness' of all kinds of economic processes. However, while it is true that market transactions hinge critically on elements of custom, economic processes shape shape custom in turn. This other causal direction needs more attention than it has hitherto received. The way modern institutional economics has developed points to the same deficiency. Institutional economics initially tried to analyse economic institutions as arising from market processes and competition while avoiding reference to all elements of custom, but it became increasingly clear that the answers so obtained were critically dependent on tacit assumptions about the customary infrastructure. One aim of the book is to provide the necessary link between customary elements and market processes. A current strand of thought, notably originating with game theory, has tried to understand the emergence of customs by interpreting them as routines that have been adopted because they were competitively successful. This approach takes customs essentially as conventions that solve coordination problems. It is driven by the economic paradigm that interprets behaviour as fully reducible to the interplay of (given) preferences and constraints while neglecting the direct motivational impact of custom. A second aim of the book is thus to systematically harmonize the motivational significance of custom with institutional theorizing in a systematic way. The re-establishment of custom in economics will provide foundations for institutional thinking and will help in reducing the arbitrariness of current thought.
Beyond Market And Government
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Author : Yining Li
language : en
Publisher: Springer
Release Date : 2014-09-16
Beyond Market And Government written by Yining Li and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-16 with Political Science categories.
This book explores how moral factors exert influence on economy from an economic and philosophical point of view. The book takes an in-depth look at topics such as efficiency and coordination, fairness and identification, law and self-discipline and the third distribution, which have long been the focus of public attention. As expounded in this book, in places where regulation by market or government does work, there are still some gaps that the two modes of regulation cannot reach owing to the limitations of their influence. Each does compensate for the other’s limitations, but only up to a point. The gap can only be filled by custom and morality. In this sense, regulation by custom and morality can be viewed as a regulatory mode beyond market and government. In a market economy, market regulation of resource allocation as a basic mode can be called “primary regulation” and government regulation, as a high-level mode, “secondary regulation.” Regulation that relies on the force of custom and morality, a regulation beyond market and government, can be called “the third regulation.” A variety of causes can give rise to market failure or government paralysis, rendering regulation by market or government ineffective or extremely limited. But even in such circumstances, custom and morality still exist and continue working as normal. What affects resource allocation, socio-economic operations and living standards is not just the power of market or government, but that of custom and morality. This book is one of the three published writings that best reflect Professor Li Yining’s academic standpoint. Although written in economic language, the book also incorporates sociology, history and philosophy and will help the reader make better judgment calls in the face of changing market conditions and economic policies.
Contemporary Business Law In A Global Economy
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Author : Dan Herron
language : en
Publisher:
Release Date : 2002-08
Contemporary Business Law In A Global Economy written by Dan Herron and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-08 with categories.
Abridged, customized edition of Kubasek et al: Contemporary Business Law in a Global Economy, selected to suit individual campus' preferences.
Cocoa Custom And Socio Economic Change In Rural Western Nigeria
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Author : Sara Berry
language : en
Publisher: Oxford : Clarendon Press
Release Date : 1975
Cocoa Custom And Socio Economic Change In Rural Western Nigeria written by Sara Berry and has been published by Oxford : Clarendon Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Business & Economics categories.
Economic Freedom And Prosperity
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Author : Benjamin Powell
language : en
Publisher: Routledge
Release Date : 2018-10-03
Economic Freedom And Prosperity written by Benjamin Powell and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-03 with Business & Economics categories.
Economic theory and a growing body of empirical research support the idea that economic freedom is an important ingredient to long-run economic prosperity. However, the determinants of economic freedom are much less understood than the benefits that freedom provides. Economic Freedom and Prosperity addresses this major gap in our knowledge. If private property and economic freedom are essential for achieving and maintaining a high standard of living, it is crucial to understand how improvements in these areas have been achieved and whether there are lessons that can be replicated in less free areas of the world today. In this edited collection, contributors investigate this research question through multiple methodologies. Beginning with three chapters that theoretically explore ways in which economic freedom might be better achieved, it then moves on to a series of empirical chapters that examine questions including the speed and permanence of reform, the deep long-run determinants of economic freedom, the relationship between voice and exit in impacting freedom, the role of crises in generating change, and immigration. Finally, the book considers the evolution of freedom in China, development economics, and international trade, and it concludes with a consideration of what is necessary to promote a humane liberalism consistent with economic freedom. Economic Freedom and Prosperity will be of great interest to all social scientists concerned with issues of institutional change. It will particularly appeal to those concerned with economic development and the determinants of an environment of economic freedom.
Custom And Contract
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Author : Mary M. Schweitzer
language : en
Publisher:
Release Date : 1987-01-01
Custom And Contract written by Mary M. Schweitzer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-01-01 with History categories.
Dictionary Of Political Economy
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Author : Robert Harry Inglis Palgrave
language : en
Publisher:
Release Date : 1894
Dictionary Of Political Economy written by Robert Harry Inglis Palgrave and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1894 with Economics categories.