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OverviewThe institutional economy is the economy of rules and laws, conventions and precedents. It is prices but also practices, change but also constancy, individual but also interdependence. David Reisman argues that conformity and repetition as well as new initiatives and mould-breaking departures constitute the essence of supply and demand. This comprehensive text 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, organizational 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 patter, precisely the same is true of supply and demand. Full Product DetailsAuthor: David ReismanPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Weight: 0.579kg ISBN: 9781840646740ISBN 10: 1840646748 Pages: 288 Publication Date: 27 March 2002 Audience: Professional and scholarly , Professional and scholarly , Professional & Vocational , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsContents: 1. Introduction 2. Economy as Society 3. Present as Past 4. Society as Past 5. People and Things 6. Benevolence 7. Malevolence 8. Needs and Wants 9. The Demand to Supply 10. Organisational Order 11. Organisational Cost 12. Conclusion Bibliography IndexReviews'This book is well structured and easy to follow, even though it deals with difficult material. It deserves to be read by all who are interested in escaping the narrow boundaries of current mainstream economics.' -- Anna Soci, Review of Political Economy Author InformationDavid Reisman, Professor Emeritus of Economics, University of Surrey, UK and Senior Associate, Centre for Liberal Arts and Social Sciences, Nanyang Technological University, Singapore Tab Content 6Author Website:Countries AvailableAll regions |
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