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On Custom in the Economy
 
 

On Custom in the Economy [Hardcover]

Ekkehart Schlicht (Author)

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Book Description

0198292244 978-0198292241 June 25, 1998
Drawing on philosophy and psychology, Schlicht seeks to reintroduce the notion of custom in economics. In the process, he provides a link between market processes, which are often analyzed, and customary elements, which have been neglected by economists or at best seen as routines that have been adopted because they were competitively successful.

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About the Author

Ekkehart Schlicht is at the University of Munich.

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Inside This Book (learn more)
First Sentence:
Custom furnishes much of the material from which societies are built. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
interlocking customs, fiscal morality, schema switches, status quo preference, clarity judgements, clarity view, focal colours, rule preference, moralistic aggression, clarity requirements, strategic interpretation, critical mass effects, clarification processes, behavioural impact, perceived entitlements, input owners, psychological regularities, economistic view, endowment effect, shape custom, ought cannot, adaptive view, loss aversion, overall clarity, property rights approach
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Tight Law, Adam Smith, Loose Law, David Hume, Alfred Marshall, Great Britain
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