dunnettreader + utility   14

Paul Frijters - An Economic Theory of Greed, Love, Groups, and Networks | Cambridge University Press - March 2013
PaperbackISBN: 9781107678941 $63.95 inc GST --;Why are people loyal? How do groups form and how do they create incentives for their members to abide by group norms? Until now, economics has only been able to partially answer these questions. In this groundbreaking work, Paul Frijters presents a new unified theory of human behaviour. To do so, he incorporates comprehensive yet tractable definitions of love and power, and the dynamics of groups and networks, into the traditional mainstream economic view. The result is an enhanced view of human societies that nevertheless retains the pursuit of self-interest at its core. This book provides a digestible but comprehensive theory of our socioeconomic system, which condenses its immense complexity into simplified representations. The result both illuminates humanity's history and suggests ways forward for policies today, in areas as diverse as poverty reduction and tax compliance.
books  economic_theory  economic_models  economic_sociology  utility  rationality-economics  behavioral_economics  networks  action-theory  self-interest  altruism  power  loyalty 
july 2015 by dunnettreader
Lee Anne Fennell, Richard H. McAdams, eds. - Fairness in Law and Economics: Introduction :: SSRN - (Edward Elgar 2013)
Lee Anne Fennell and Richard H. McAdams, both University of Chicago Law School -- University of Chicago Coase-Sandor Institute for Law & Economics Research Paper No. 704 -- This introduction, prepared for an edited volume, offers some observations on the importance — indeed, inescapability — of fairness concerns in law and economics. The relationship between fairness and the economic concept of efficiency is usually cast as an adversarial one. Rational choice economics typically describes human behavior as motivated by simple self-interest, rather than by concerns of morality, justice, or fairness. But we have found that the connections between concepts of fairness and the economic analysis of law are robust and diverse. After discussing some of these linkages, we describe the organization and content of the volume we have compiled. In it, economics engages with fairness, challenging the idea that the two concepts are alien to each other. -- PDF File: 18 -- Keywords: fairness, law and economics -- downloaded pdf to Note
chapter  books  SSRN  law-and-economics  behavioral_economics  game_theory  rational_choice  rationality-economics  fairness  efficiency  welfare_economics  self-interest  altruism  microeconomics  policymaking  legal_system  legal_theory  legal_reasoning  utility  status_quo_bias  downloaded 
july 2015 by dunnettreader
Herbert A. Simon - Altruism and Economics (May, 1993) | JSTOR - The American Economic Review
Herbert A. Simon,The American Economic Review, Vol. 83, No. 2, Papers and Proceedings of the Hundred and Fifth Annual Meeting of the American Economic Association (May, 1993), pp. 156-161 -- overview of how he models "utility" to handle bounded rationality, and how groups need to be included in utility behavior models to get at "altruism" or preferences for other-regarding behavior -- basic message is public choice and rational choice have such an impoverished concept of "rationality" they will never be able to get their axiomatic models to work with what requires rich empirical observations -- doesn't say it, but their limited concept of rationality is less an empirically verified theory re how the world works, but rather a bundle of normative assumptions -- and when they try to extend what's really prescriptive to areas like the family, they've gotten way outside their lane -- downloaded pdf to Note
paper  jstor  economic_theory  economic_sociology  microeconomics  behavioral_economics  rational_choice  rationality-economics  rationality-bounded  rationality-adaptive  Darwinism  evolution-as-model  evolution-social  evolution-group_selection  self-interest  altruism  utility  public_choice  Simon_Herbert  downloaded 
april 2015 by dunnettreader
Franck Bessis , review essay - André Orléan, L’empire de la valeur - Vers un changement de paradigme en économie ? | June 2012 - La Vie des idées
Recensé : André Orléan, L’empire de la valeur. Refonder l’économie, Paris, Seuil, collection « La couleur des idées », 340 p., 23 €. -- Spécialiste des questions monétaires et financières, André Orléan fournit à travers la synthèse de ses recherches un ouvrage de référence pour renouveler l’analyse économique. Sa démarche invite également à repenser la place de l’économie au sein des sciences sociales et son rapport au politique. -- also available in English, downloaded French pdf to Note
books  reviews  economic_theory  intellectual_history  classical_economics  neoclassical_economics  labor_theory_of_value  marginalists  utility  financial_economics  monetary_theory  macroeconomics  political_economy  social_theory  ontology-social  social_sciences  downloaded 
april 2015 by dunnettreader
Emmanuelle de Champs - Enlightenment and Utility: Bentham in French, Bentham in France (to be released March 2015) | Ideas in Context series | Cambridge University Press
Jeremy Bentham (..) was a seminal figure in the history of modern political thought. This lively monograph presents the numerous French connections of an emblematic British thinker. (..) Placing Bentham's thought in the context of the French-language Enlightenment through to the post-Revolutionary era, (..) the case for a historical study of 'Global Bentham'. Examining previously unpublished sources, she traces the circulation of Bentham's letters, friends, manuscripts, and books in the French-speaking world. (..) transnational intellectual history reveals how utilitarianism, as a doctrine, was both the product of, and a contribution to, French-language political thought at a key time(..). The debates (re) utilitarianism in France cast new light on the making of modern Liberalism. **--** Intro **--** Part I. An Englishman in the Republic of Letters: 1. Languages of Enlightenment *-* 2. Satire and polemics *-* 3. Defining utilitarianism: private connections and correspondence **--** Part II. 'Projet d'un corps de loix complet' and the Reform of Jurisprudence in Europe: 4. The Genesis of Projet *-* 5. Projet in Enlightenment legal thought *-* 6. The politics of legal reform **--** Part III. Reflections for the Revolution in France: 7. Frenchmen and Francophiles: Lord Lansdowne's network *-* 8. British expertise for French legislators *-* 9. Utility, rights and revolution: missed encounters? **--** Part IV. Utile Dulcis? Bentham in Paris, 1802: 10. Dumont's editorship: from the Bibliothèque Britannique to Traités de législation civile et pénale *-* 11. A mixed reception *-* 12. Autumn 1802: Bentham in Paris **--** Part V. Liberty, Utility and Rights (1815–1832): 13. 'For one disciple in this country, I have 50 at least in France' *-* 14. Utilitarian arguments in French politics *-* 15. A Utilitarian moment? French liberals and utilitarianism *-* Epilogue: Bentham in the July Revolution *-* Conclusion -- marketing materials not yet available
books  find  intellectual_history  political_philosophy  political_economy  legal_theory  18thC  19thC  British_history  France  French_Enlightenment  Enlightenment  Bentham  utilitarianism  utility  reform-political  reform-social  reform-legal  reform-economic  jurisprudence  civil_code  Republic_of_Letters  networks-policy  networks-information  Anglo-French  British_foreign_policy  diplomats  diplomacy-environment  francophile  Landsdowne_Marquis_of  faction  British_politics  patrons  patronage  elite_culture  cross-border  cultural_history  cultural_influence  technical_assistance  criminal_justice  liberalism  rights-legal  rights-political  civil_law  civil_liberties  civil_society  French_Revolutionary_Wars  Peace_of_Amiens  Napoleonic_Wars  Restoration-France  bourgeoisie  July_Monarchy  legal_reasoning  positivism-legal 
february 2015 by dunnettreader
Paul A. Lewis, review essay - Varieties of Emergence: Minds, Markets and Novelty (STUDIES IN EMERGENT ORDER, VOL 4 (2011): 170-192) :: SSRN
King's College London - Department of Political Economy -- This paper is an essay review of Richard Wagner's book, 'Mind, Society and Human Action'. It focuses on the ontological presuppositions of Wagner's account of of the social world (that is, on what Wanger's account presupposes about the nature of social reality). Issue discussed include the following: the nature of emergence and emergent properties; spontaneous order, and the shortcomings of Walrasian general equilibrium theory in modelling it; the significance of the impact of social interaction on peolpe's preferences and dispositions; and the role of novelty and innovation in Wagner's account of the market process. -- Number of Pages in PDF File: 23 -- Keywords: Emergence, complexity, Austrian Economics, ontology, spontaneous order, novelty -- downloaded pdf to Note
article  review  SSRN  philosophy_of_social_science  social_theory  ontology-social  mind  social_order  social_process  preferences  emergence  equilibrium  heterodox_economics  Innovation  complexity  economic_models  utility  behavioral_economics  markets-psychology  markets  methodology  methodology-qualitative  downloaded  EF-add 
february 2015 by dunnettreader
Paul A. Lewis - An Analytical Core for Sociolgy: A Complex, Hayekian Analysis (2014, Review of Behavioral Economics, Forthcoming) :: SSRN
Lewis, Paul A., An Analytical Core for Sociolgy: A Complex, Hayekian Analysis (November 11, 2014). Review of Behavioral Economics, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2522810 -- King's College London - Department of Political Economy -- This paper develops a Hayekian perspective on Herbert Gintis, and Dirk Helbing's, attempts to develop a unified analytical approach to the social sciences. Like Hayek, Gintis and Helbing view both the economy, and also the human mind, as a complex adaptive system. Their emphasis on emergence, on group selection, on the social relations that structure people’s interactions, and on the importance of motivations stemming from so-called 'social preferences', sees them develop themes present in Hayek's own work, often in ways that build on and strengthen Hayek's own analysis. However, Gintis and Helbing's continued commitment to a model of people as maximising their expected utility, and to general equilibrium theory, arguably leaves them less able than Hayek to do justice to the importance of innovation, novelty and radical uncertainty in the economic process. -- Number of Pages in PDF File: 24 -- Keywords: Gintis, complexity, evolution, emergence, Hayek, reductionism, behavioral economics, equilibrium, order, uncertainty. -- downloaded pdf to Note
paper  SSRN  social_theory  Hayek  Gintis  complexity  complex_adaptive_systems  evolution-as-model  evolution-social  evolutionary_biology  evolution  emergence  behavioral_economics  behavioralism  evolution-group_seledtion  rationality-economics  rational_choice  rationality-bounded  utility  social_order  uncertainty  reductionism  equilibrium  Innovation  economic_theory  economic_sociology  downloaded  EF-add 
february 2015 by dunnettreader
Sven Ove Hansson -Risk (updated 2011) | Stanford Encyclopedia of Philosophy
Since the 1970s, studies of risk have grown into a major interdisciplinary field of research. Although relatively few philosophers have focused their work on risk, there are important connections between risk studies and several philosophical subdisciplines. This entry summarizes the most well-developed of these connections and introduces some of the major topics in the philosophy of risk. It consists of six sections dealing with the definition of risk and with treatments of risk related to epistemology, the philosophy of science, the philosophy of technology, ethics, and the philosophy of economics.
1. Defining risk [including objective vs subjective and risk vs uncertainty - the latter comparison mostly formalized in decision tgeory]
2. Epistemology
3. Philosophy of science
4. Philosophy of technology
5. Ethics
6. Risk in economic analysis
Related Entries -- causation: in the law | causation: probabilistic | consequentialism | contractarianism | economics, philosophy of | game theory | luck: justice and bad luck | scientific knowledge: social dimensions of | technology, philosophy of
philosophy  epistemology  epistemology-social  epistemology-moral  causation  causation-social  probability  Bayesian  moral_philosophy  utilitarianism  utility  rights-legal  game_theory  philosophy_of_science  philosophy_of_social_science  economic_theory  behavioral_economics  financial_economics  sociology_of_knowledge  philosophy_of_law  risk  risk-mitigation  risk_management  uncertainty  rational_choice  rationality-economics 
february 2015 by dunnettreader
Seamus Bradley Imprecise Probabilities (Dec 2014) | Stanford Encyclopedia of Philosophy
It has been argued that imprecise probabilities are a natural and intuitive way of overcoming some of the issues with orthodox precise probabilities. Models of this type have a long pedigree, and interest in such models has been growing in recent years. This article introduces the theory of imprecise probabilities, discusses the motivations for their use and their possible advantages over the standard precise model. It then discusses some philosophical issues raised by this model. There is also a historical appendix which provides an overview of some important thinkers who appear sympathetic to imprecise probabilities. *-* Related Entries -- belief, formal representations of | epistemic utility arguments for probabilism | epistemology: Bayesian | probability, interpretations of | rational choice, normative: expected utility | statistics, philosophy of | vagueness
epistemology  philosophy_of_science  technology  probability  risk  uncertainty  rational_choice  rationality-economics  rationality  rationality-bounded  statistics  Bayesian  linguistics  causation  causation-social  causation-evolutionary  complexity  complex_adaptive_systems  utility  behavioral_economics  behavioralism  neuroscience  vagueness 
february 2015 by dunnettreader
Asad Zaman - Normative Foundations of Scarcity | WEA Pedagogy Blog - September 2014
In my paper of this name (Real-World Economics Review, no. 61, September 2012) I show that the apparently objective concept of scarcity is built on THREE normative assumptions - contra the conventional assertion that economics is a POSITIVE study of facts of our economic existence, and does not involve value judgement. The three normative pillars on which scarcity stands as the fundamental principle of economics are: ONE: Private Property - If there is a cultural norm of sharing public resources, then the issue of scarcity would not arise (or at least, would be much less frequent). In conventional economics, the Pareto principle embodies the normative idea that the right to property takes precedence over the right to life. If a poor man is starving, the rich man is NOT obligated to provide for him. -- TWO: Consumer Sovereignty - Economists argue the we SHOULD not question consumer preferences as to where they come from and whether they are legitimate. Also, economists argue that we SHOULD design an economic system which fulfills ALL preferences (to the extent possible). The noxious NORMATIVE idea that the right of the super-rich to private jets trumps the right of the poor hungry child to bread is what leads to scarcity becoming the foundation of economics. -- THREE: WELFARE Lies in fulfillment of desires - Again this is a normative judgment about the purpose of life, which is taken to be fulfillment of desires. The normative preference of the economists for the homo economicus model creates an unhappy and lonely society, for those who buy into these assumptions. Abandoning these hidden normative commitments of economics, by allowing for more public spaces and common property, creating norms of social responsiblity, and encouraging simple lifestyles would remove scarcity as the central economic problem. QUOTE FROM FDR: “But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings. “
paper  philosophy_of_social_science  values  positivism  economic_theory  scarcity  economic_culture  property  Pareto_principle  utility  rationality-economics  normativity 
september 2014 by dunnettreader
Robert J. Collins - Montaigne's Rejection of Reason of State in 'De l'Utile et de l'honneste' | JSTOR: The Sixteenth Century Journal, Vol. 23, No. 1 (Spring, 1992), pp. 71-94
This article analyzes Book Three, Chapter One of Montaigne's Essais to determine if the interpretation by Quentin Skinner and others (that it demonstrates Montaigne's support of what was later called raison d'Etat) is as clear as it seems to be. Through a close reading of the text and examination of a number of deliberate paradoxes and satirical inversions, it is possible to resolve several seeming contradictions in the essay, and to conclude that the essayist's intention is precisely the opposite of that ascribed to him. There is an inner coherence to this essay that can be shown to be directed against the precepts that underpinned the logic of"reason of state" writings; in fact, he completely undermines that logic. The ambiguous nature of Montaigne's essay, however, is seen as the cause of its misinterpretation from his own time up until the present day. While acknowledging that Montaigne's ambiguity led to his essay being used in support of reason of state thinking, it is hoped that this analysis will lead to a reevaluation of Montaigne's intentions. -- downloaded pdf to Note
article  jstor  intellectual_history  political_philosophy  16thC  Montaigne  Machiavelli  raison-d'-état  utility  honnête  Skinner  downloaded  EF-add 
january 2014 by dunnettreader

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