Reciprocity

Reciprocity is the basis of social relations. It permits a peaceful and free society in which people and rights are respected. The essence of families and communities it also enables the working of markets and organizations while correcting their main failures. Reciprocity is also a basis of politics and it justifies social policies. Although the importance of reciprocity has been widely recognized in other social sciences it has until recently been somewhat ignored in economic analysis. Over the past three decades economic theorist and moral philosopher Serge-Christophe Kolm has been at the forefront of research into the economics of the deepest aspects of societies. In Reciprocity he provides a unique in-depth analysis of the motives conducts and effects of reciprocal relationships. In doing this he explains crucial functionings of society and its economy and the ways in which they can be improved. This book should be read by economists sociologists philosophers and anyone concerned with understanding the economy of social relationships and its far-reaching consequences.