Individual strategy and social structure : an evolutionary theory of institutions

Bibliographic Information

Individual strategy and social structure : an evolutionary theory of institutions

H. Peyton Young

Princeton University Press, c1998

  • : hbk

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Note

Includes bibliographical references (p. [177]-184) and index

Description and Table of Contents

Description

In this volume, the author argues for a realistic view in which people have a limited understanding of their environment. He seeks to show how the cumulative experiences of many individuals coalesce over time into customs, norms and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties.

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