The Resource Social economics : market behavior in a social environment, Gary S. Becker, Kevin M. Murphy
Social economics : market behavior in a social environment, Gary S. Becker, Kevin M. Murphy
Resource Information
The item Social economics : market behavior in a social environment, Gary S. Becker, Kevin M. Murphy represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Social economics : market behavior in a social environment, Gary S. Becker, Kevin M. Murphy represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.
This item is available to borrow from 1 library branch.
- Summary
- Economists assume that people make choices based on their preferences and their budget constraints. The preferences and values of others play no role in the standard economic model. This feature has been sharply criticized by other social scientists, who believe that the choices people make are also conditioned by social and cultural forces. Economists, meanwhile, are not satisfied with standard sociological and anthropological concepts and explanations because they are not embedded in a testable, analytic framework. In this book, Gary Becker and Kevin Murphy provide such a framework by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of individuals. Using this approach, the authors are able to explain many puzzling phenomena, including patterns of drug use, how love affects marriage patterns, neighborhood segregation, the prices of fine art and other collectibles, the social side of trademarks, the rise and fall of fads and fashions, and the distribution of income and status.Table of Contents: Acknowledgments Part I The Effect of Social Capital on Market Behavior 1. The Importance of Social Interactions 2. Social Forces, Preferences, and Complementarity 3. Are Choices "Rational" When Social Capital Is Important? Part II The Formation of Social Capital 4. Sorting by Marriage 5. Segregation and Integration in Neighborhoods 6. The Social Market for the Great Masters and Other Collectibleswith William Landes 7. Social Markets and the Escalation of Quality: The World of Veblen Revisitedwith Edward Glaeser 8. Status and Inequalitywith Iván Werning Part III Fads, Fashions, and Norms 9. Fads and Fashion 10. The Formation of Norms and Values References Author Index Subject Index Reviews of this book: [Becker and Murphy] are pioneers in the quest to extend the boundaries of rational choice theory in economics.They depict human beings not as isolated individuals but as members of society, shaped by social and cultural forces.This book marks another step in bringing economic theory closer to social reality.--David Throsby, Times Literary SupplementReviews of this book: This fascinating short book seeks to advance a 'social economics' field that would tackle such interpersonal issues head-on. It does so by addressing a diverse set of issues that includes social capital, habits and social interactions, sorting and marriage markets, segregation and integration of neighborhoods, escalation in product quality, status and inequality, and the modeling of fashions, norms, and values.--Stephen R. G. Jones, Journal of Economic Literature
- Language
- eng
- Extent
- 1 online resource (x, 170 pages)
- Contents
-
- The effect of social capital on market behavior
- The formation of social capital
- Fads, fashions, and norms
- Isbn
- 9780674020641
- Label
- Social economics : market behavior in a social environment
- Title
- Social economics
- Title remainder
- market behavior in a social environment
- Statement of responsibility
- Gary S. Becker, Kevin M. Murphy
- Subject
-
- Aspect sociologique
- Comportement du consommateur
- Economics -- Sociological aspects
- Economics -- Sociological aspects
- Economisch gedrag
- Electronic books
- Electronic books
- Groupe social
- Impact social
- Impact économique
- Interaction sociale -- Aspect économique
- POLITICAL SCIENCE -- Public Policy | Cultural Policy
- Relations sociales
- SOCIAL SCIENCE -- Anthropology | Cultural
- SOCIAL SCIENCE -- Popular Culture
- Science économique
- Social interaction -- Economic aspects
- Sociale interactie
- Sozialverhalten
- Wirtschaftssoziologie
- Wirtschaftstheorie
- Économie politique -- Aspect sociologique
- Language
- eng
- Summary
- Economists assume that people make choices based on their preferences and their budget constraints. The preferences and values of others play no role in the standard economic model. This feature has been sharply criticized by other social scientists, who believe that the choices people make are also conditioned by social and cultural forces. Economists, meanwhile, are not satisfied with standard sociological and anthropological concepts and explanations because they are not embedded in a testable, analytic framework. In this book, Gary Becker and Kevin Murphy provide such a framework by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of individuals. Using this approach, the authors are able to explain many puzzling phenomena, including patterns of drug use, how love affects marriage patterns, neighborhood segregation, the prices of fine art and other collectibles, the social side of trademarks, the rise and fall of fads and fashions, and the distribution of income and status.Table of Contents: Acknowledgments Part I The Effect of Social Capital on Market Behavior 1. The Importance of Social Interactions 2. Social Forces, Preferences, and Complementarity 3. Are Choices "Rational" When Social Capital Is Important? Part II The Formation of Social Capital 4. Sorting by Marriage 5. Segregation and Integration in Neighborhoods 6. The Social Market for the Great Masters and Other Collectibleswith William Landes 7. Social Markets and the Escalation of Quality: The World of Veblen Revisitedwith Edward Glaeser 8. Status and Inequalitywith Iván Werning Part III Fads, Fashions, and Norms 9. Fads and Fashion 10. The Formation of Norms and Values References Author Index Subject Index Reviews of this book: [Becker and Murphy] are pioneers in the quest to extend the boundaries of rational choice theory in economics.They depict human beings not as isolated individuals but as members of society, shaped by social and cultural forces.This book marks another step in bringing economic theory closer to social reality.--David Throsby, Times Literary SupplementReviews of this book: This fascinating short book seeks to advance a 'social economics' field that would tackle such interpersonal issues head-on. It does so by addressing a diverse set of issues that includes social capital, habits and social interactions, sorting and marriage markets, segregation and integration of neighborhoods, escalation in product quality, status and inequality, and the modeling of fashions, norms, and values.--Stephen R. G. Jones, Journal of Economic Literature
- Cataloging source
- OCLCE
- http://library.link/vocab/creatorDate
- 1930-2014
- http://library.link/vocab/creatorName
- Becker, Gary S.
- Dewey number
- 306.3
- Illustrations
- illustrations
- Index
- index present
- Language note
- In English
- LC call number
- HM548
- LC item number
- .B43 2000
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/relatedWorkOrContributorName
- Murphy, Kevin M
- http://library.link/vocab/subjectName
-
- Economics
- Social interaction
- Économie politique
- Interaction sociale
- SOCIAL SCIENCE
- POLITICAL SCIENCE
- SOCIAL SCIENCE
- Economics
- Wirtschaftssoziologie
- Wirtschaftstheorie
- Sozialverhalten
- Economisch gedrag
- Sociale interactie
- Aspect sociologique
- Comportement du consommateur
- Science économique
- Groupe social
- Impact économique
- Impact social
- Relations sociales
- Label
- Social economics : market behavior in a social environment, Gary S. Becker, Kevin M. Murphy
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references (pages 159-164) and indexes
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- The effect of social capital on market behavior -- The formation of social capital -- Fads, fashions, and norms
- Control code
- 655241049
- Dimensions
- unknown
- Extent
- 1 online resource (x, 170 pages)
- File format
- one file format
- Form of item
- online
- Isbn
- 9780674020641
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.4159/9780674020641
- Other physical details
- illustrations
- Specific material designation
- remote
- System control number
- (OCoLC)655241049
- Label
- Social economics : market behavior in a social environment, Gary S. Becker, Kevin M. Murphy
- Antecedent source
- file reproduced from original
- Bibliography note
- Includes bibliographical references (pages 159-164) and indexes
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- The effect of social capital on market behavior -- The formation of social capital -- Fads, fashions, and norms
- Control code
- 655241049
- Dimensions
- unknown
- Extent
- 1 online resource (x, 170 pages)
- File format
- one file format
- Form of item
- online
- Isbn
- 9780674020641
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.4159/9780674020641
- Other physical details
- illustrations
- Specific material designation
- remote
- System control number
- (OCoLC)655241049
Subject
- Aspect sociologique
- Comportement du consommateur
- Economics -- Sociological aspects
- Economics -- Sociological aspects
- Economisch gedrag
- Electronic books
- Electronic books
- Groupe social
- Impact social
- Impact économique
- Interaction sociale -- Aspect économique
- POLITICAL SCIENCE -- Public Policy | Cultural Policy
- Relations sociales
- SOCIAL SCIENCE -- Anthropology | Cultural
- SOCIAL SCIENCE -- Popular Culture
- Science économique
- Social interaction -- Economic aspects
- Sociale interactie
- Sozialverhalten
- Wirtschaftssoziologie
- Wirtschaftstheorie
- Économie politique -- Aspect sociologique
Genre
Member of
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/Social-economics--market-behavior-in-a-social/LFmyl36Ocds/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/Social-economics--market-behavior-in-a-social/LFmyl36Ocds/">Social economics : market behavior in a social environment, Gary S. Becker, Kevin M. Murphy</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
