Elizabeth Anderson Beyond Homo Economicus: New Developments in Theories of Social Norms (image via http://www-personal.umich.edu/~eandersn/norms.pdf)

Elizabeth Anderson – Beyond Homo Economicus: New Developments in Theories of Social Norms

“For more than a century, Homo economicus has exclusively populated the theoretical world of economics. This model of the rationally self-interested actor has also come to dominate substantial subfields of political science, sociology, law, and philosophy. However, many theorists doubt whether this model can explain most social phenomena unless it is supplemented with more socially sophisticated elements, such as so- cial and ethical values, altruism, and desires for social status. Among these theorists are Avner Ben-Ner and Louis Putterman, who have published the results of such supplementation by various contributors in Economics, Values, and Organization. The contributors ask: Why and when do people cooperate? How do social norms evolve? How do values and incentives interact and influence social organizations and market outcomes?

Continue Reading

No more posts.