Evolving Norms: Cognitive Perspectives in Economics

ISBN-13: 9781137502469 / Angielski / Twarda / 2016 / 355 str.

Shinji Teraji

Opis

This book presents institutional evolution and individual choice as codependent results of behavioral patterns. Drawing on F.A. Hayek's concepts of cognition and cultural evolution, Teraji demonstrates how the relationship between the sensory and social orders can allow economists to track social norms and their effects on the global economy. He redirects attention from the conventional focus on what an individual chooses to the changing social order that determines how an individual chooses. Cultural shifts provide the environmental feedback that challenges the mental models governing individual choice, creating a cycle of coevolution. Teraji develops a general framework from which to examine this symbiotic relationship in order to identify predictive patterns. Not just for behavioral economists, this book will also appeal to those who specialize in institutional economics, the philosophy of economics, and economic sociology.

Spis treści

1. Foundations

     Appendix A   Hyperbolic discounting

     Appendix B   Herd behavior and the quality of opinions

2. Why Do People Obey Norms? 

     Appendix C   Morale and the evolution of norms

     Appendix D   A theory of norm compliance: Punishment and reputation

     Appendix E   A model of corporate social performance: Social satisfaction and moral conduct

3. The Sensory Order Revisited  

4. Norms, Coordination, and Order

5. Culture and cultural evolution

     Appendix F   Identity in utility

     Appendix G   Culture, effort variability, and hierarchy

     Appendix H   Property rights, trust, and economic performance

     Appendix I   The economics of possible selves

     Appendix J   An economic analysis of social exclusion and inequality

6. Co-evolution of Mind and Society

7. Epilogue

O autorze

Shinji Teraji is Professor of Economics at Yamaguchi University, Japan. His research is mainly concerned with behavioral economics, institutional economics, and economic methodology.