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Communication and Economic Theory

How to deal with rationality in a communicational environment

  • Book
  • © 2014

Overview

Authors:
  1. Birger P. Priddat

    1. Universität Witten/Herdecke Präsident, Witten, Germany

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  • 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
  • Includes supplementary material: sn.pub/extras

Part of the book series: Ethical Economy (SEEP, volume 47)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-viii
    Download chapter PDF

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

    • Birger P. Priddat
    Pages 1-19

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

    • Birger P. Priddat
    Pages 21-38

  4. Morals: Restrictions, Metapreferences: Adjusting an Economics of Morality

    • Birger P. Priddat
    Pages 39-63

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

    • Birger P. Priddat
    Pages 65-83

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

    • Birger P. Priddat
    Pages 85-100

  7. Ludonarrative Dissonance: Economy as a Diversified Language Game Landscape

    • Birger P. Priddat
    Pages 101-126

  8. Rationality, Hermeneutics, and Communicational Processes. On L. Lachmann’s Approach of Hermeneutical Economics

    • Birger P. Priddat
    Pages 127-147
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Keywords

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.

Authors and Affiliations

  • Universität Witten/Herdecke Präsident, Witten, Germany

    Birger P. Priddat

Bibliographic Information

  • Book Title: Communication and Economic Theory

  • Book Subtitle: How to deal with rationality in a communicational environment

  • Authors: Birger P. Priddat

  • Series Title: Ethical Economy

  • DOI: https://doi.org/10.1007/978-3-319-06901-2

  • Publisher: Springer Cham

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer International Publishing Switzerland 2014

  • Hardcover ISBN: 978-3-319-06900-5Published: 25 July 2014

  • Softcover ISBN: 978-3-319-35330-2Published: 03 September 2016

  • eBook ISBN: 978-3-319-06901-2Published: 04 July 2014

  • Series ISSN: 2211-2707

  • Series E-ISSN: 2211-2723

  • Edition Number: 1

  • Number of Pages: VIII, 147

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Migration, Linguistics, general, Ethics

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