Download or read book The Economic Theory of Social Institutions written by Andrew Schotter and published by Cambridge University Press. This book was released on 2008-06-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Social Institutions written by Michael Hechter and published by Transaction Publishers. This book was released on with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Institutions and Economic Theory written by Eirik G. Furubotn and published by University of Michigan Press. This book was released on 2005-10-21 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.

Download or read book Economic Theory and Social Institutions written by Masudul Alam Choudhury and published by University Press of America. This book was released on 1994 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Social Institutions written by Karl-Dieter Opp and published by Routledge. This book was released on 2018-04-27 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Institutions and Economic Theory written by Eirik Grundtvig Furubotn and published by University of Michigan Press. This book was released on 2000 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.

Download or read book Principles of Exchange and Power written by Nikolaus Horster and published by Peter Lang Publishing. This book was released on 1997 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Institutions Behaviour and Economic Theory written by Heinrich Bortis and published by Cambridge University Press. This book was released on 1996-11-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The failure of centrally planned socialism and the serious problems arising with the capitalist system requires a middle way between both doctrines. In this book it is argued that a synthesis of Classical and Keynesian economic theory provides the basis for this intermediate system. A monetary production economy is primarily considered. The author sets up a system of 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.

Download or read book Knowledge Social Institutions and the Division of Labour written by Pier Luigi Porta and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: '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.

Download or read book Explaining Social Institutions written by Jack Knight and published by University of Michigan Press. This book was released on 1998 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Important scholars offer new perspectives on the formation and growth of social institutions

Download or read book Institutions and Economic Theory written by Eirik G. Furubotn and published by University of Michigan Press. This book was released on 2005-10-21 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.

Download or read book Ethics Economics and Social Institutions written by Vishwanath Pandit and published by Springer. This book was released on 2016-06-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book highlights the ethical aspects and issues that are inherent to economics in the context of today’s prominent social institutions. It reviews a range of problems concerning dominant social institutions, namely markets, government agencies, corporate entities, financial networks, and religious systems. Further, in each case, the book takes a detailed look at the economic problems as they arise within a broader sociological and political environment, taking into account the respective ethical/philosophical paradigms. It analyzes from an ethical point of view topics like the evolution of economic thought, happiness and spirituality, and human values in relation to ethics.

Download or read book Modern Political Economy written by Jeffrey S. Banks and published by Cambridge University Press. This book was released on 1995-08-25 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political economy has been an essential realm of inquiry and has attracted myriad intellectual adherents for much of the period of modern scholarship. The discipline's formal split into the distinct studies of political science and economics in the nineteenth-century, while advantageous for certain scientific developments, has biased the way economists and political scientists think about many issues, and has placed artificial constraints on the study of many important social issues. This volume calls for a reaffirmation of the importance of the unified study of political economy, and explores the frontiers of the interaction between politics and markets. This volume brings together intellectual leaders of various areas, drawing upon state-of-the-art theoretical and empirical analysis from each of the underlying disciplines. Each chapter, while beginning with a survey of existing work, focuses on profitable lines of inquiry for future developments. Particular attention is devoted to fields of active current development.

Download or read book Economics Social Institutions written by K. Brunner and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productive work of widely distributed academic research has contributed substantially, over the postwar period, to important advances in our understanding. It has also offered a clearer recognition of many unresolved problems. Never theless, the progress achieved over the last decades, ex hibited by the systematic application of "theory" to actual issues and observable problems, could not overcome a per vasive sense of dissatisfaction. Some academic endeavors pursued within a traditional range of economic analysis have appeared increasingly remote from broad social issues, motivating the social and intellectual unrest experienced in recent years. Conditioned by the traditional use of economic analysis, many have naturally concluded that the "most relevant" social issues agitating our times are beyond the reach of economics. Purist advocates of a traditional view thus condemn any extension of economic analysis to social issues as an escape into "ideology". Others argue the need for an "interdisciplinary approach" involving sociology, social psychology, or anthropology as necessary strands in a useful understanding of social, institutional, and human problems of contemporary societies. We note here, in par ticular, the subtle attraction inherent in Marxian thought. It appears to offer a unified approach, with a coherent inter pretation, to all matters and aspects of human society, in cluding even nature.

Download or read book Institutions and Social Conflict written by Jack Knight and published by Cambridge University Press. This book was released on 1992-10-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough critique of theories of institutional change followed by the development of a new theory emphasising the role of distributional conflict in the emergence of social institutions.

Download or read book The New Institutional Economics written by Eirik Grundtvig Furubotn and published by Mohr Siebeck. This book was released on 1991 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Institutions and the Economy written by Francesco Duina and published by John Wiley & Sons. This book was released on 2013-08-27 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.