The Economic Theory Of Social Institutions
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The Economic Theory Of Social Institutions
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Author : A. Schotter
language : en
Publisher: Cambridge University Press
Release Date : 1981-03-31
The Economic Theory Of Social Institutions written by A. Schotter and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981-03-31 with Business & Economics categories.
This book uses game theory to analyse the creation, evolution and function of economic and social institutions. The author illustrates his analysis by describing the organic or unplanned evolution of institutions such as the conventions of war, the use of money, property rights and oligopolistic pricing conventions. Professor Schotter begins by linking his work with the ideas of the philosophers Rawls, Nozick and Lewis. Institutions are regarded as regularities in the behaviour of social agents, which the agents themselves tacitly create to solve a wide variety of recurrent problems. The repetitive nature of the problems permits them to be described as a recurrent game or 'supergame.' The agents use these regularities as informational devices to supplement the information contained in competitive prices. The final chapter explores the applicability of this theory, first by relating it to previous work on the theory of teams, hierarchies, and non-maximizing decision theory, and then by using it to provide a new approach to a variety of questions both within and outside economics.
Economic Theory And Social Institutions
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Author : Masudul Alam Choudhury
language : en
Publisher: University Press of America
Release Date : 1994
Economic Theory And Social Institutions written by Masudul Alam Choudhury and has been published by University Press of America this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
This book introduces students to the present state of the art in the economics of institutionalism and social policy. It also introduces the reader to a critique of mainstream economic thinking, followed by the development of a humanistic social interaction model of economic institutions, behavior, and social policy. The author takes a broad look at some of the major problems of social institutions and policy in the Canadian context. Contents: List of Figures; List of Tables; Acknowledgments; Introduction; Economics and Social Institutions; The Nature of Economic Theory; Resolution of the Great Economic Problems of Contemporary Times; Economic Issues of the Public Sector; Economic Problems of the Private Sector; Socio-Economic Issues Related to the Problem of Poverty; Economic Growth and Development; Regional Economic Development; Labour Market; Inflation and Unemployment; Social Contractarianism for Humanistic Institutionalism; Economics of Canadian Constitutional Provisions under the Unity Accord; Institution-Economy Interface of Canadian Debt and Deficits.
Social Institutions
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Author : Karl-Dieter Opp
language : en
Publisher: Routledge
Release Date : 2018-04-27
Social Institutions written by Karl-Dieter Opp and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-27 with Social Science categories.
This is the first book to present a synthesis of rational choice theory and sociological perspectives for the analysis of social institutions.The origin of social institutions is an old concern in social theory. Currently it has re-emerged as one of the most intensely debated issues in social science. Among economists and rational choice theorists, there is growing awareness that most, if not all, of the social outcomes that are of interest to explain are at least partly a function of institutional constraints. Yet the role of institutions is negligible both in general equilibrium theory and in most neoclassical economic models. There is a burgeoning substantive interest in institutions ranging from social movements, to formal organizations, to states, and even international regimes.Rational choice theorists have made great strides in elucidating the effects of institutions on a variety of social outcomes, but they have paid insufficient attention to the social dynamics that lead to the emergence of these institutions. Typically, these institutions have been assumed to be a given, rather than considered as outcomes requiring explanation in their own right. Sociological theorists, in contrast, have long appreciated the role of social structural constraints in the determination of outcomes but have neglected the role of individual agents.Michael Hechter is professor emeritus in the department of Sociology at the University of Washington. He is the author of numerous books. He became an Elected Fellow to the American Academy of Arts and Sciences in 2004 and has been featured in Who's Who. He is also currently on editorial boards for a numerous amount of journals.Karl-Dieter Opp is professor of sociology at Univesitat Leipzig. He has been a Fellow of the European Academy of Sociology since 1999 and has been member of the Council and Treasurer since 2000. He is also current on the advisory board for the magazine Mind and Society.Reinhard Wippler is professor of theoretical sociology at the University of Utrecht and scientific director of the Interuniversity Center for Sociological Theory and Methodology.
Principles Of Exchange And Power
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Author : Nikolaus Horster
language : en
Publisher: Peter Lang Publishing
Release Date : 1997
Principles Of Exchange And Power written by Nikolaus Horster and has been published by Peter Lang Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
The General Equilibrium Theory as one of the fundamental theoretical concepts in economics is analyzed and reformulated by using the structuralist theory concept. Subsequently the basic principle of the economic theory, "exchange", is then compared to the basic principle of the Theory of Social Institutions: "power". The Theory of Social Institutions is a power-based theory - in contrast to most sociological theories which take a game-theoretic approach - and is shown to be well suited to explain all the phenomena a General Equilibrium Theory has to handle. Furthermore several weaknesses in the reasoning of theoretical economics are clearly identified. The result is a simpler, more straightforward approach to the various problems underlying the analysis of modern economics.
Institutions And Economic Theory
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Author : Eirik Grundtvig Furubotn
language : en
Publisher: University of Michigan Press
Release Date : 2000
Institutions And Economic Theory written by Eirik Grundtvig Furubotn and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.
Institutions Behaviour And Economic Theory
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Author : Heinrich Bortis
language : en
Publisher: Cambridge University Press
Release Date : 1997
Institutions Behaviour And Economic Theory written by Heinrich Bortis and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
This book is about the conceptual foundations of an intermediate way between liberalism and socialism. From a standpoint of economic theory, this middle way is conceived of as a synthesis of classical (Ricardian) and Keynesian political economy. While the former deals with proportions between individuals or collectives and society in tackling the problems of distribution and value on the basis of the surplus principle, the latter is concerned with the scale of economic activity as explained by the principle of effective demand. Political economy pictures the economic aspects of the functioning of the institutional system within which the behaviour of individuals is embedded. The economy considered is, primarily, neither a market nor a planned economy, but, rather, a monetary production economy. To establish an alternative to liberalism and socialism requires setting up a system of the social sciences. In this work suggestions are made for linking political economy with other social sciences, i.e. sociology, law and politics in the traditional sense, thus establishing the unity of the social sciences. In a Keynesian vein, the social sciences are conceived of as moral sciences, a view which gives rise to a specific philosophy of history. To complete the picture, issues of method associated with the theory of knowledge in the social sciences and the problem of linking theory with historical reality are also covered.
Knowledge Social Institutions And The Division Of Labour
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Author : Pier Luigi Porta
language : en
Publisher: Edward Elgar Publishing
Release Date : 2001-01-01
Knowledge Social Institutions And The Division Of Labour written by Pier Luigi Porta and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-01-01 with Business & Economics categories.
'The complex interplay of the formation and communication of knowledge, the structure of social interaction, and the evolution of the division of labour, is here skilfully explored in a broad historical, philosophical and analytical framework by a truly international meeting of minds, enabling an encounter with great thinkers, past and present, commencing with Hume and Smith. A heady and unusual elixir, finely distilled, and to be slowly enjoyed if its sophisticated benefits are to be fully gathered by the reader.' - Peter Groenewegen, University of Sydney, Australia Knowledge, Social Institutions and the Division of Labour gives rise to a new and richer institutional analysis of the economy centred around the analysis of language, the division of labour and social knowledge. It is in this perspective that the economic analysis of institutions comes to be associated with the study of civil society, or with the broad framework of communication and coordination behind the interaction of individuals in economic and non-economic spheres. This fascinating book is divided into three parts beginning with the issue of the development of science as an aspect of the division of labour, starting from methodological problems on the communication of scientific knowledge. The volume goes on to explore issues on the moral bases of social interaction and, more particularly, of commercial society before ending with in depth analyses of questions on the division of labour, social institutions and the diffusion of knowledge in society.
Institutions And The Economy
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Author : Francesco Duina
language : en
Publisher: John Wiley & Sons
Release Date : 2013-08-27
Institutions And The Economy written by Francesco Duina and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-27 with Business & Economics categories.
Institutions are central to economic life. They have a major impact on consumer preferences, the actions and processes of firms, levels of wealth and poverty in countries, the growth of international trade, and much more. Indeed, none of the preconditions for economic activity - such as the existence of buyers and sellers, recognizable goods and services, and the information we need to make choices - would be in place without institutions. Institutions, then, do more than support economic life: they enable and shape it. These insights challenge some of the most basic postulates on modern economic theory and are at the heart of many of the most exciting works in economic sociology. This book examines the role of institutions - defined as the formal and informal rules and practices that surround us as we go about our daily lives - in the economy. Illuminating complex ideas with carefully selected, vivid examples, the investigation focuses on economic activity as it unfolds at the individual, organizational, national, and international levels. This accessible and engaging book will be essential reading for students of economic sociology, and all those interested in the intimate relationship between institutions and the economy.
Economics Culture And Social Theory
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Author : William A. Jackson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009
Economics Culture And Social Theory written by William A. Jackson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
. . . the book is excellent in setting out and explaining a fundamental critique of economics one moreover that has been missed by most other current critics of the field. Making this case is an achievement. Hopefully, it will have a greater impact than its author probably expects. Journal of Cultural Economics Economics evolved by perfecting the taking of culture out of its reductionist and virtual world. But culture has recently been reintroduced, both as a sphere of application for an otherwise unchanging methodology and as a weak form of acknowledging that the economic alone is inadequate as the basis even for explaining the economy. This volume is an essential critical starting point for understanding the changing relationship between economics and culture and in offering a more satisfactory and stable union between the two. Ben Fine, University of London, UK Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory. Orthodox economics has prompted a long line of cultural criticism that goes back to the origins of economic theory and extends to recent debates surrounding postmodernism. William A. Jackson discusses the cultural critique of economics, identifies the main arguments, and assesses their implications. Among the topics covered are relativism and realism, idealism and materialism, agency and structure, hermeneutics, semiotics, and cultural evolution. Drawing from varied literatures, notably social and cultural theory, the book stresses the importance of culture for economic behaviour and looks at the prospects for a renewed and culturally informed economics. The book will be invaluable to heterodox economists and to anyone interested in the links between culture and the economy. It takes an interdisciplinary approach, arguing against the isolation of economics, and will therefore hold wide appeal for social scientists working in related fields, as well as for economists specialising in cultural economics and economic methodology.
Rationality Institutions And Economic Methodology
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Author : Bo Gustafsson
language : en
Publisher: Routledge
Release Date : 1993-06-17
Rationality Institutions And Economic Methodology written by Bo Gustafsson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-06-17 with Business & Economics categories.
Looks at ways to increase the scope and power of institutional economics. Different approaches to economic methodology are considered and the broader notions of rationality offered by institutional economics are discussed.