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Individuals, Institutions, and Markets.

Опубликовано на портале: 30-01-2003
Cambridge: Cambridge University Press, 2001
A text integrating the latest scholarship in economics, sociology, political science, law, and anthropology to offer a theory of how the institutional framework of a society emerges and how markets work within those institutions. Proposes a unifying problem-solving model of individual behavior.


Individuals, Institutions, and Markets offers a theory of how the institutional framework of a society emerges and how markets within institutions work. The book shows that both social institutions, defined as the rules of the game, and exchange processes can be analyzed along a common theoretical structure. Mantzavinos' proposal is that a problem solving model of individual behavior inspired by the cognitive sciences provides such a unifying theoretical structure. Integrating the latest scholarship in economics, sociology, political science, law, and anthropology, Mantzavinos offers a genuine political economy showing how social institutions affect economic outcomes.
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Introduction
Part I. Individual:
1. Explaining individual behavior: the problem solving framework
2. The motivational aspect: the strive for utility increase
3. The cognitive aspect: the theory of learning
4. The choice aspect
Part II. Institutions:
5. Shared mental models: emergence and evolution
6. Explaining institutions
7. Informal institutions
8. Formal institutions
Part III. Market:
9. Institutions and the market: the aggregate level
10. Institutions and market: the microeconomic level
11. The theory of evolutionary competition
12. An application: institutions, markets, and economic development
Concluding observations: unified social science as political economy?