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BL
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| Record Number
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624150
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| Doc. No
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dltt
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| Main Entry
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Basu, Kaushik.
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| Title & Author
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Prelude to political economy : : a study of the social and political foundations of economics /\ Kaushik Basu.
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| Publication Statement
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Oxford [England] ;New York :: Oxford University Press,, 2000.
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| Page. NO
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xv, 288 p. :: ill. ;; 24 cm.
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| ISBN
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0198296711
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: 9780198296713
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: 0199261857 (pbk. : alk. paper)
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: 9780199261857 (pbk. : alk. paper)
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| Bibliographies/Indexes
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Includes bibliographical references (p. [263]-279) and index.
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| Contents
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Incident off Grand Trunk Road -- Positive Political Economy -- Games and Misdemeanors: Game Theory for the Uninitiated -- Motivation -- Hex -- Normal-Form Games -- Extensive-Form Games -- Individual Rationality -- The Concept of Rationality -- Internal Consistency -- Procrastination and Addiction -- The Traveler's Dilemma -- The E-mail Game - Almost -- The Paradox of Cognition -- Society -- Social Norms, Culture and Beliefs -- Of Mice and Men -- The Bridge on Forest Home Drive -- A Digression on "Association" -- Equilibrium-Selection Norms -- Hawk, Dove and Maynard's Cuckoo -- Norms, Polyphiloprogenitive -- Beliefs -- The State -- Law and Economics -- The Law According to Social Science -- Law and Economics: A New Approach -- Law and Enforcement: A Model -- A Digression on Freedom of Speech -- Power and Coercion -- Of Dyads and Triads -- Political Power, Havel's Allegory, and McCarthyism -- Triadic Markets and Coercion -- A Digression on Sexual Harassment -- On the "Man of Influence" -- On Advising Government -- A Science of Advising? -- Advising Endogenous Government -- Cheater's Roulette -- A Moral Conundrum -- The Concept of "State" -- The Standard View and Its Brood of Fallacies -- State as Beliefs -- The Dane County Farmers' Market -- Ethics and Judgment -- Welfare and Interpersonal Comparisons -- If I Were You ... -- Income and Welfare -- Utilitarianism and Rights -- Escher's Waterfall and a Critique of Utilitarianism -- Rights and Liberty -- Morals and Solipsism -- The Pdomain Problem -- Games and Reality.
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| Abstract
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This volume aims to understand why some economies succeed and some fail, and why some communities prosper while others stagnate, so economics must be seen as embedded in politics and society. It is a study of this embeddedness.
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This book seeks to provide a better understanding of the state, the law, social norms, and the role of policy advise. It subscribes to the discipline of positive political economy, but also looks at the social situations that lie beyond economics and politics. It is divided into the five parts. Part I presents a primer on game theory. Part II raises the argument than an economy or market is embedded in a social setting, with all its attendant norms, institutions, and beliefs. Part III explores the idea of "the state" and laws. Part IV discusses selected topics on welfare economics. Part V argues that human beings do not use their rationality calculus over all available actions but only over a subset of them.
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| Subject
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Economics-- Political aspects.
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| Subject
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Economics-- Sociological aspects.
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| LC Classification
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HB74.P65B37 2000
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| Parallel Title
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Social and political foundations of economics
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