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Are conventions solutions to uncertainty? contrasting visions of social coordination

Listed author(s):
  • John Latsis

    (Balliol College - University of Oxford [Oxford])

  • Guillemette De Larquier


    (CEE - Centre d'études de l'emploi - M.E.N.E.S.R. - Ministère de l'Éducation nationale, de l’Enseignement supérieur et de la Recherche - Ministère du Travail, de l'Emploi et de la Santé, EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Franck Bessis

    (LEFI - Laboratoire d'Economie de la Firme et des Institutions - UL2 - Université Lumière - Lyon 2, EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

In recent years, there has been an increase in research on conventions motivated by the game-theoretic contributions of the philosopher David Lewis. Prior to this surge in interest, discussions of convention in economics had been tied to the analysis of John Maynard Keynes's writings. These literatures are distinct and have very little overlap. Yet this confluence of interests raises interesting methodological questions. Does the use of a common term, convention, denote a set of shared concerns? Can we identify what differentiates the game theoretic models from the Keynesian ones? This paper maps out the three most developed accounts of convention within economics and discusses their relations with each other in an attempt to provide an answer.

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Paper provided by HAL in its series Post-Print with number halshs-01278287.

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Date of creation: 2010
Publication status: Published in Journal of Post Keynesian Economics, Taylor & Francis (Routledge), 2010, 32 (4), <10.2753/PKE0160-3477320402>
Handle: RePEc:hal:journl:halshs-01278287
DOI: 10.2753/PKE0160-3477320402
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