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Social Dynamics

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Editor Info

  • Steven N. Durlauf
    () (University of Wisconsin)
  • H. Peyton Young
    () (University of Oxford)

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Abstract

Economists have traditionally studied aggregate behavior as the outcome of individual decisions made interactively, while sociologists have focused on the role of social influences on individual behavior. Over the past decade, however, the barriers between the disciplines have broken down, resulting in the new area of social economics. Social economics is based on the assumption that individuals are directly influenced by the choices and characteristics of others, creating a feedback loop from the past choices of some people to the current social context and hence future choices of others. The essays in this book, by some of the creators of the field, provide an overview of social economics and represent a variety of approaches, including theoretical model-building, empirical studies, statistical analyses, and philosophical reflections.

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Bibliographic Info

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This book is provided by The MIT Press in its series MIT Press Books with number 0262541769 and published in 2004.

Volume: 1
Edition: 1
ISBN: 0-262-54176-9
Handle: RePEc:mtp:titles:0262541769

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Web page: http://mitpress.mit.edu

Related research

Keywords: social economics; feedback loop;

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Cited by:
  1. Mark Guzman & Joseph Haslag & Pia Orrenius, 2008. "On the determinants of optimal border enforcement," Economic Theory, Springer, vol. 34(2), pages 261-296, February.
  2. Crandall, Mindy S. & Weber, Bruce A., 2005. "Poverty In The West: Changing Fortunes From 1990-2000," Western Economics Forum, Western Agricultural Economics Association, vol. 4(01).
  3. Crandall, Mindy S. & Weber, Bruce A., 2005. "Trickling Down: Does Local Job Growth Reduce Poverty?," Working Papers 18915, Oregon State University, Rural Poverty Research Center (RPRC).

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