Name: Individual Strategy and Social Structure: An Evolutionary Theory of Institutions (en Inglés)
Price: 105610.00 CLP
Availability: InStock
Author: H. Peyton Young
ISBN: 9780691086873

portada Individual Strategy and Social Structure: An Evolutionary Theory of Institutions (en Inglés)

Formato

Libro Físico

Editorial

Princeton University Press

Autor

H. Peyton Young

Año

2001

Idioma

Inglés

N° páginas

208

Encuadernación

Tapa Blanda

ISBN

0691086877

ISBN13

9780691086873

Categorías

Historia de la economía

Individual Strategy and Social Structure: An Evolutionary Theory of Institutions (en Inglés)

H. Peyton Young (Autor) · Princeton University Press · Tapa Blanda

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Reseña del libro "Individual Strategy and Social Structure: An Evolutionary Theory of Institutions (en Inglés)"

Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of their environment, are sometimes short-sighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into customs, norms, and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties. The ideas are illustrated through a variety of examples, including patterns of residential segregation, rules of the road, claims on property, forms of economic contracts, and norms of equity. The book relies on new results in evolutionary game theory and stochastic dynamical systems theory, many of them originated by the author. It can serve as an introductory text, or be read on its own as a contribution to the study of economic and social institutions.