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Evolving Norms : Cognitive Perspectives in Economics (Hardcover) (Shinji Teraji)

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This book presents institutional evolution and individual choice as codependent results of behavioral patterns. Drawing on F.A. Hayek's concepts of cognition and cultural evolution, Teraji demonstrates how the relationship between the sensory and social orders can allow economists to track social norms and their effects on the global economy. He redirects attention from the conventional focus on what an individual chooses to the changing social order that determines how an individual chooses. Cultural shifts provide the environmental feedback that challenges the mental models governing individual choice, creating a cycle of coevolution. Teraji develops a general framework from which to examine this symbiotic relationship in order to identify predictive patterns. Not just for behavioral economists, this book will also appeal to those who specialize in institutional economics, the philosophy of economics, and economic sociology.

Number of Pages: 355
Genre: Business + Money Management
Sub-Genre: Organizational Behavior, Economics / General
Series Title: Palgrave Advances in Behavioral Economics
Format: Hardcover
Publisher: Palgrave Macmillan
Author: Shinji Teraji
Language: English
Street Date: February 22, 2016
TCIN: 50864017
UPC: 9781137502469
Item Number (DPCI): 248-12-3172
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