Beyond the Market
Subtitle: The Social Foundations of Economic Efficiency
Contributors: Barbara Harshav (Translator)
Publisher: Princeton University Press
Published: September 3, 2002
Language: eng
Format: Hardcover
Number of pages: 368
ISBN-13: 9780691049076
Subjects: Economic theory & philosophy; Social theory; Social aspects; Economics; Social Science; Sociology; Sociology - General; Sociological aspects; Anthropology - Cultural; Economics - Theory; Social Science / Sociology / General; Decision making
First sentence: WHEN modern economics was founded in the late eighteenth century, two axioms that still constitute the paradigmatic core of the discipline were established: the action-theoritical assumption that actors maximize their utility or their profit in their actions; and the idea that decentralized economic processes exist in, or at least strive for, an equilibrium in which the independently acting economic subjects can achieve an optimal realization of their economic plans.