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Conventions and Structures in Economic Organization - Markets, Networks and Hierarchies (Hardcover, illustrated edition)
Loot Price: R3,784
Discovery Miles 37 840
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Conventions and Structures in Economic Organization - Markets, Networks and Hierarchies (Hardcover, illustrated edition)
Series: New Horizons in Institutional and Evolutionary Economics series
Expected to ship within 12 - 17 working days
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For individual actors involved in economic activities (i.e.
production, exchanges), conventions and structures represent two
different types of opportunity or constraint. Conventions refer to
values, rules and representations that influence economic
behaviour. Structures refer to patterns of resource
interdependencies existing among members of any social system. This
book contributes to the current rapprochement between economics and
sociology. It examines the fact that individuals use rules and
interdependencies to forward their own interests, while living in
social environments where everyone does the same. The authors argue
that to construct durable organizations and viable markets, they
need to be able to handle both. However, thus far, economists and
sociologists have not been able to reconcile the relationship
between these two types of constraints on economic activity.
Conventions and Structures in Economic Organization seeks to bridge
this gap and will appeal to students and scholars in both economics
and sociology, offering them new ideas about how they can
co-operate in unsuspected ways and combine their interdisciplinary
efforts.
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