Ethical Economy

Communication and Economic Theory

How to deal with rationality in a communicational environment

Authors: Priddat, Birger P.

  • Analyzes different topics which highlight the relevance of communication within markets
  • Uses and reformulates concepts by Arrow, Commons, Williamson, North, Becker and others
  • Provides new topics in Institutional Economics
  • Highlights new approaches to the role of communication and language in economics
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Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-06901-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-06900-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 20, 2016
  • ISBN 978-3-319-35330-2
  • Free shipping for individuals worldwide
About this book

This book analyzes the different topics which highlight the relevance of communication within markets. In using and reformulating concepts of Arrow, Commons, Williamson, North, Becker and others, the author shows the hidden implications of these authors for a new approach in economics: communication matters. Markets are systems of allocation, which are governed by communication networks. In Economics, so far, communication processes play a minor role. During the last century, there was a tendency of using ‘communication’ as a tool for reintroducing the diversity of rational actions. Yet, communication is a governance-structure of its own, which cannot be used as a tool, since communication is disturbing the expectations of the economics actors and changing the actor’s preferences as well as their belief-systems. By using examples such as Kenneth Arrow’s economics actor theory and Douglas North’s emphasis on communication being a process of building ‘shared mental models’, this book argues that if communication matters, we have to reinterpret the basics of economic methodology and integrate network-processing and discourse theories.

Table of contents (7 chapters)

  • The New Population of Economics: Multiple, Fair, Ignorant and Emotional Actors. How Are the Markets Ordered in Accordance with Diversified Knowledge Bases?

    Priddat, Birger P.

    Pages 1-19

  • Mutual and Self-Enforcing Agreements. Contracts as the Basic Institution of Economics: Network Knowledge Instead of Rational Choice

    Priddat, Birger P.

    Pages 21-38

  • Morals: Restrictions, Metapreferences: Adjusting an Economics of Morality

    Priddat, Birger P.

    Pages 39-63

  • Communication of the Constraints on Action K. J. Arrow on Communication

    Priddat, Birger P.

    Pages 65-83

  • Communication as Interpretation of Economic Contexts: The Example of Culture and Economy: D.C. North

    Priddat, Birger P.

    Pages 85-100

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-06901-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-06900-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 20, 2016
  • ISBN 978-3-319-35330-2
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Communication and Economic Theory
Book Subtitle
How to deal with rationality in a communicational environment
Authors
Series Title
Ethical Economy
Series Volume
47
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-06901-2
DOI
10.1007/978-3-319-06901-2
Hardcover ISBN
978-3-319-06900-5
Softcover ISBN
978-3-319-35330-2
Series ISSN
2211-2707
Edition Number
1
Number of Pages
VIII, 147
Number of Illustrations and Tables
1 b/w illustrations
Topics