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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

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
Creator
Contributor
Subject
Genre
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
Member of
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
Instantiates
Publication
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
Publication
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

Library Locations

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      1 University Blvd, St. Louis, MO, 63121, US
      38.710138 -90.311107
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