Reciprocity is the basis of social relations. It permits a peaceful
and free society in which people and rights are respected. The
essence of families and communities, it also enables the working of
markets and organizations, while correcting their main failures.
Reciprocity is also a basis of politics, and it justifies social
policies. Although the importance of reciprocity has been widely
recognized in other social sciences, it has, until recently, been
somewhat ignored in economic analysis. Over the past three decades,
economic theorist and moral philosopher Serge-Christophe Kolm has
been at the forefront of research into the economics of the deepest
aspects of societies. In Reciprocity, he provides a unique in-depth
analysis of the motives, conducts, and effects of reciprocal
relationships. In doing this, he explains crucial functionings of
society and its economy, and the ways in which they can be
improved. This book should be read by economists, sociologists,
philosophers, and anyone concerned with understanding the economy
of social relationships and its far-reaching consequences.
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