Individuals Institutions And Markets

Download or read book Individuals, Institutions, and Markets written by C. Mantzavinos and published by Cambridge University Press. This book was released on 2001-01-08 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.