Individuals, Institutions, and Markets, Paperback / softback Book

Individuals, Institutions, and Markets Paperback / softback

Part of the Political Economy of Institutions and Decisions series

Paperback / softback

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Individuals, Institutions, and Markets offers a theory of how the institutional framework of a society emerges and how markets within institutions work.

The book shows that both social institutions, defined as the rules of the game, and exchange processes can be analyzed along a common theoretical structure.

Mantzavinos' proposal is that a problem solving model of individual behavior inspired by the cognitive sciences provides such a unifying theoretical structure.

Integrating the latest scholarship in economics, sociology, political science, law, and anthropology, Mantzavinos offers a genuine political economy showing how social institutions affect economic outcomes.

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