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An Economic Theory of Greed, Love, Groups, and Networks

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  • Frijters,Paul

Abstract

Why are people loyal? How do groups form and how do they create incentives for their members to abide by group norms? Until now, economics has only been able to partially answer these questions. In this groundbreaking work, Paul Frijters presents a new unified theory of human behaviour. To do so, he incorporates comprehensive yet tractable definitions of love and power, and the dynamics of groups and networks, into the traditional mainstream economic view. The result is an enhanced view of human societies that nevertheless retains the pursuit of self-interest at its core. This book provides a digestible but comprehensive theory of our socioeconomic system, which condenses its immense complexity into simplified representations. The result both illuminates humanity's history and suggests ways forward for policies today, in areas as diverse as poverty reduction and tax compliance.

Suggested Citation

  • Frijters,Paul, 2013. "An Economic Theory of Greed, Love, Groups, and Networks," Cambridge Books, Cambridge University Press, number 9781107678941.
    • Handle: RePEc:cup:cbooks:9781107678941
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    Cited by:

    1. Mujcic, Redzo & Frijters, Paul, 2013. "Still Not Allowed on the Bus: It Matters If You're Black or White!," IZA Discussion Papers 7300, Institute of Labor Economics (IZA).
    2. Gigi Foster & Paul Frijters, 2024. "Hiding the elephant: The tragedy of COVID policy and its economist apologists," Australian Economic Papers, Wiley Blackwell, vol. 63(1), pages 106-144, March.
    3. Gebhard Kirchgässner, 2014. "On Self-Interest and Greed," CESifo Working Paper Series 4883, CESifo.
    4. Gigi Foster, 2020. "The behavioural economics of government responses to COVID-19," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 4(S3), pages 11-43, December.
    5. Qlander Hayat & Sayyed Muhammad Mehdi Raza Naqvi, 2019. "Antecedents and Consequences of Employee's Greed: An Empirical Examination (Evidence from Pakistan)," Global Regional Review, Humanity Only, vol. 4(3), pages 73-81, September.
    6. Sugata Marjit & Sattwik Santra & Koushik Kumar Hati, 2018. "Status Seeking Behavior of the Poor: A Study on India," CESifo Working Paper Series 7213, CESifo.
    7. Gigi Foster, 2018. "Towards a living theoretical spine for (behavioural) economics," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 2(1), pages 75-81, March.
    8. Brendan Markey‐Towler, 2019. "The New Microeconomics: A Psychological, Institutional, and Evolutionary Paradigm with Neoclassical Economics as a Special Case," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 95-135, January.
    9. Foster, Gigi & Pingle, Mark & Yang, Jingjing, 2019. "Are we addicted to love? A parsimonious economic model of love," Journal of Economic Behavior & Organization, Elsevier, vol. 165(C), pages 70-81.
    10. Robert Huggins & Piers Thompson, 2015. "Entrepreneurship, innovation and regional growth: a network theory," Small Business Economics, Springer, vol. 45(1), pages 103-128, June.
    11. Carina Keldenich & Christine Luecke, 2022. "Unlucky at work, unlucky in love: job loss and marital stability," Review of Economics of the Household, Springer, vol. 20(1), pages 243-278, March.
    12. Emerson, David & Mulley, Corinne & Bliemer, Michiel C.J., 2016. "A theoretical analysis of business models for urban public transport systems, with comparative reference to a Community Franchise involving Individual Line Ownership," Research in Transportation Economics, Elsevier, vol. 59(C), pages 368-378.
    13. Gigi Foster, 2023. "Reply to Rati Mekvabishvili's 'On the Importance of Altruism, Prosocial Behavior and Christian Love in Behavioral Economics research'," Economic Thought, World Economics Association, vol. 11(1), pages 58-65, April.

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