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Economy as Society

In: The Institutional Economy

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Abstract

This thorough and comprehensive book examines the role that institutions play in economic life. The discussion begins with common values, shared traditions and individual habits which have their roots in the past. It goes on to consider consumer preferences, needs and wants, altruism, malevolence, intrinsic motivation, organisational memory and the social capital that is embedded in networks and communities. Its conclusion is that there is a case for a broadly-based economics which is a science of norms and standards as well as a theory of prices and costs. Culture is continuity and pattern. Precisely the same is true of supply and demand.

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  • ., 2002. "Economy as Society," Chapters, in: The Institutional Economy, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2387_2
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    File URL: https://www.elgaronline.com/view/9781840646740.00004.xml
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    Cited by:

    1. Andreas A. Andrikopoulos & Dimitrios C. Gkountanis, 2011. "Issues and Models in Applied Econometrics: A partial survey," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 9(2), pages 107-165.
    2. Romana Lekić & Željko Trezner & Nataša Mance, 2014. "DMC as a creator of memorable experiences in tourist destination," Tourism and Hospitality Industry section2-2, University of Rijeka, Faculty of Tourism and Hospitality Management.
    3. Maftei Daniel, 2014. "Epistemological Argumentation Of Sustainable Development And Grenn Energy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 18-21, August.

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    Keywords

    Economics and Finance;

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