Individuals Institutions and Markets

Individuals Institutions and Markets offers a theory of how the institutional framework of a society emerges and how markets within institutions work. The book shows that both social institutions defined as the rules of the game and exchange processes can be analyzed along a common theoretical structure. Mantzavinos'' proposal is that a problem solving model of individual behavior inspired by the cognitive sciences provides such a unifying theoretical structure. Integrating the latest scholarship in economics sociology political science law and anthropology Mantzavinos offers a genuine political economy showing how social institutions affect economic outcomes.