On custom in the economy / Ekkehart Schlicht.

Format:

Book

Author/Creator:

1945- Schlicht.

Contributor:

Ekkehart.

Language:

English

Subjects (All):

Economics--Psychological aspects.

Economics.

Economics--Sociological aspects.

Manners and customs.

Physical Description:

1 online resource (343 p.)

Place of Publication:

Oxford ; New York : Clarendon Press, 1998.

Language Note:

English

Summary:

The aim of this book is to re-establish custom in economics. Current economic theorizing largely neglects the customary forces that underpin market exchange. Economic sociologists have stressed this repeatedly by referring to the 'embeddedness' of all kinds of economic processes. It is true that market processes do hinge on elements of custom, but custom is in turn moulded by economic processes. This other causal direction needs more attention than it has hitherto received. The waymodern institutional economics has developed points to the same deficiency. Institutional economics initially trie

Contents:

Contents; List of Figures; Introduction; Background; Overview; The Nature of the Argument; PART I: THE AMALGAM OF CUSTOM; 1 A Web of Reinforcements; 1.1 Malleable Foundations; 1.2 The Concept of Custom; 1.3 Conservatism; 1.4 Conformity; 1.5 Tacit Knowledge; 1.6 Emotional Encoding; 1.7 The Tacit and Malleable Nature of Custom; 1.8 Mutual Reinforcement; 2 Entitlements and Obligations; 2.1 A Treacherous Image; 2.2 The Nature of Entitlements and Obligations; 2.3 Entitlements, Obligations, and Custom; 2.4 Entitlements and the Law; 2.5 Clarity; 2.6 An Everyday Transaction

2.7 Compliance and Moralistic Aggression2.8 Coordination Failures; 2.9 Norms; 2.10 Contracting; 2.11 Non-enforceable Contracts; 2.12 Entitlements and Morality; 3 Smooth and Lumpy Changes; 3.1 Change; 3.2 Conservatism and Inertia; 3.3 Conformity and Critical Mass; 3.4 Dispersed Conformity; 3.5 Conservatism, Dispersed Conformity, and Incentives; 3.6 Conformity and Cumulative Growth; 3.7 Conformity and Sudden Decay; 3.8 Hysteresis; 4 Fuzziness; 4.1 Variegating Aspects of Custom; 4.2 Scope; 4.3 Level; 4.4 Compliance; 4.5 The Fuzziness of Custom; 4.6 Ambiguity and Compliance; 5 Adaptive Custom

5.1 Full Malleability5.2 The Erosion and Growth of Custom; 5.3 The Smoothing of Hysteresis; 5.4 A Model of Caste; 5.5 The QWERTY Keyboard; 5.6 Passive Custom and the Problem of Efficiency; 6 Clarity; 6.1 Rigidity; 6.2 The Significance of Rigidity; 6.3 Rounding and Rigidity; 6.4 A First Glance at Clarity; 6.5 The War of the Ghosts; 6.6 Spontaneous Clarification; 6.7 Culture and Clarity; 6.8 Prominence, Clarity, and Culture; 6.9 Clarity and Repetition; 6.10 Context Dependency; 6.11 Culture and Colours; 6.12 Musical Perception; 7 Rules and Schemata; 7.1 Customs and Rules; 7.2 A Game of Cards

7.3 'Random Rules' and History7.4 Categorization; 7.5 Good Continuity; 7.6 Rule Formation in Social Interaction; 7.7 Clarity and Rationality; 7.8 Clarity, Singularity, and Stability; 7.9 Schemata; 7.10 Change and Schema Switches; 7.11 Learning; 7.12 Hysteresis; 8 Rule Preference; 8.1 Overall Clarity; 8.2 Commitment; 8.3 Obedience and Authority; 8.4 Status Quo Preference and the Endowment Effect; 8.5 Loss Aversion versus Rule Preference; 8.6 Reciprocity and Retribution; 8.7 Conformity; 8.8 Rule Preference, Custom, and Clarity; 9 Attribution and Motivation; 9.1 Clarity and Motivation

9.2 Attribution and Discounting9.3 Self-Attribution and Over-Justification; 9.4 Cognitive Dissonance and Forced Compliance; 9.5 The Miasma of Reward; 9.6 Conservatism, Conformity, and Consistency; 9.7 The Shaping of Motives by Custom; 10 Custom and Style; 10.1 Custom and the Human Mind; 10.2 The Strategic Interpretation of Customs; 10.3 Habitual Rules and Clarity; 10.4 Emotions; 10.5 Action; 10.6 The Emergence of Entitlements and Obligations; 10.7 Custom and Social Approval; 10.8 Interlocking Customs; 10.9 Style; PART II: CUSTOM IN ACTION; 11 Property; 11.1 A Tension

11.2 Unravelling Hume's Theory of Property

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [298]-317) and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

0-19-882346-0

0-19-152191-4

9786612052378

1-282-05237-3

OCLC:

344100143