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Social Relations and Endogenous Culture

Author

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  • Masahiro Okuno‐Fujiwara

Abstract

The current state of economics as a science is critically evaluated in view of its lack of emphasis on sociological and psychological factors. In particular, I argue that humans are embedded in social structures and that they choose actions taking account of the social contexts in which they live and the social interactions to which they belong. Preferences then should be considered not as exogenously given but as endogenously evolved, allowing for bounded rationality and psychological factors. I provide a brief sketch of the possible model formulation for a more desirable theory, invoking network theory and an indirect evolutionary approach. JEL classification numbers: A12, A13, B40.

Suggested Citation

  • Masahiro Okuno‐Fujiwara, 2002. "Social Relations and Endogenous Culture," The Japanese Economic Review, Japanese Economic Association, vol. 53(1), pages 1-24, March.
    • Handle: RePEc:bla:jecrev:v:53:y:2002:i:1:p:1-24
    DOI: 10.1111/1468-5876.00210
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    Cited by:

    1. Blind, Georg D. & Lottanti von Mandach, Stefania, 2021. "Private Equity Buyouts in Japan: Effects on Employment Numbers," Journal of the Japanese and International Economies, Elsevier, vol. 59(C).
    2. Prabirendra Chatterjee & Sudipta, Sarangi, "undated". "Social Identity and Group Lending," Working Papers UWEC-2005-06-R, University of Washington, Department of Economics.
    3. Els Lecoutere, 2010. "Institutions Under Construction: Resolving Resource Conflicts in Tanzanian Irrigation Schemes," Research Working Papers 23, MICROCON - A Micro Level Analysis of Violent Conflict.

    More about this item

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

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