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Social Dynamics

Editor

Listed:
  • Steven N. Durlauf
    (University of Wisconsin)

  • H. Peyton Young
    (University of Oxford)

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.

Suggested Citation

  • Steven N. Durlauf & H. Peyton Young (ed.), 2004. "Social Dynamics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262541769, December.
    • Handle: RePEc:mtp:titles:0262541769
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    Citations

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    Cited by:

    1. John Walsh & Thanan Apivantanaporn, 2015. "Destination Management of Small Islands: The Case of Koh Mak," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(3), pages 172-196, June.
    2. Dimant, Eugen, 2015. "On Peer Effects: Behavioral Contagion of (Un)Ethical Behavior and the Role of Social Identity," MPRA Paper 68732, University Library of Munich, Germany.
    3. Jonathan Conning & Michael Kevane, 2005. "Freedom, Servitude and Voluntary Contract," Economics Working Paper Archive at Hunter College 408, Hunter College Department of Economics.
    4. Mark Guzman & Joseph Haslag & Pia Orrenius, 2008. "On the determinants of optimal border enforcement," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 34(2), pages 261-296, February.
    5. 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).
    6. 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(1), pages 1-11.
    7. Partha Dasgupta, 2014. "Pricing climate change," Politics, Philosophy & Economics, , vol. 13(4), pages 394-416, November.

    More about this item

    Keywords

    social economics; feedback loop;

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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