Individual Strategy and Social Structure: An Evolutionary Theory of Institutions
(Paperback)
Publishing Details
Individual Strategy and Social Structure: An Evolutionary Theory of Institutions
By (Author) Hobart Peyton Young
Princeton University Press
Princeton University Press
2nd April 2001
United States
Classifications
Professional and Scholarly
Non Fiction
Economic theory and philosophy
330.01
Physical Properties
Paperback
208
Width 152mm, Height 235mm
312g
Description
In this volume, the author argues for a realistic view in which people have a limited understanding of their environment. He seeks to show how the cumulative experiences of many individuals coalesce over time into customs, norms and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties.
Reviews
"[Individual Strategy and Social Structure] should be a valuable resource for all interested in this extremely valuable and flexible technique. Self-contained and pleasant to read."--Journal of Economics
Author Bio
H. Peyton Young is Scott and Barbara Black Professor of Economics at The Johns Hopkins University and a Visiting Fellow at the Brookings Institution. He is the author of Equity: In Theory and Practice (Princeton).
