By Paul Frijters
Why are humans dependable? How do teams shape and the way do they convey incentives for his or her individuals to abide through staff norms? formerly, economics has in basic terms been capable of in part resolution those questions. during this groundbreaking paintings, Paul Frijters offers a brand new unified thought of human behaviour. to take action, he comprises finished but tractable definitions of affection and tool, and the dynamics of teams and networks, into the normal mainstream financial view. the result's an more desirable view of human societies that however keeps the pursuit of self-interest at its middle. This booklet offers a digestible yet complete conception of our socioeconomic procedure, which condenses its huge complexity into simplified representations. the end result either illuminates humanity's historical past and indicates methods ahead for rules this present day, in components as different as poverty relief and tax compliance.
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Extra info for An Economic Theory of Greed, Love, Groups, and Networks
Within mainstream economics this type of appeal is sometimes called “cheap talk,” and seen as a pretense that smart voters and politicians should see through in an instant. It should be clear by the end of this book that such pretense is a vital ingredient in successful political lobbying. For now, I merely note that the pretense is directed towards a particular audience: domestic voters and politicians. pdf. 12 Introduction and preview Competition regulation What should policy makers do with an organization that dominates a market for a particular good, particularly when that good has no close substitutes?
The ability to ﬁt the core phenomena originally targeted by the concept, and the ability to ﬁt in with other theories used for other problems, that have guided my selection of theories for each core concept. Selecting core concepts from the social science literature Once one has hit upon a set of core concepts with associated core phenomena one wants those concepts to explain, the processes of analog reasoning, pragmatism, and positivism explained above can be used. But how are the core concepts themselves chosen?
Also, this theory cannot explain the phenomenon of people making symbolic expenses without anyone seeing their sacriﬁces, which does happen regularly, as evidenced by anonymous church donations or private prayer. In short, it does not ﬁt the psychology and widespread use of sacriﬁces, though it may well be an apt description of the economic role of sacriﬁces in particular religious groups. What makes symbolic expenses especially intriguing is that one cannot always say for sure which expenses are really symbolic, and hence just how widespread symbolic expenses really are.
An Economic Theory of Greed, Love, Groups, and Networks by Paul Frijters