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Individual Strategy and Social Structure: An Evolutionary Theory of Institutions

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Individual Strategy and Social Structure: An Evolutionary Theory of Institutions - Young, H Peyton
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Neoclassical economics assumes that people are highly rational and can reason their way through complex economic problems. Author Peyton Young argues more realistically that people have limited understanding of their environment, are often shortsighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into the norms that govern economic and social life.

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Individual Strategy and Social Structure: An Evolutionary Theory of Institutions 2001, Princeton University Press, Princeton

ISBN-13: 9780691086873

Revised edition

Trade paperback

Individual Strategy and Social Structure: An Evolutionary Theory of Institutions 1998, Princeton University Press, Princeton

ISBN-13: 9780691026848

Hardcover