By Professor Paul Frijters, Dr Gigi Foster
Why are humans unswerving? How do teams shape and the way do they carry incentives for his or her contributors to abide by means of workforce norms? beforehand, economics has in simple terms been capable of in part solution those questions. during this groundbreaking paintings, Paul Frijters provides a brand new unified idea of human behaviour. to take action, he contains accomplished but tractable definitions of affection and gear, and the dynamics of teams and networks, into the normal mainstream monetary view. the result's an stronger view of human societies that however keeps the pursuit of self-interest at its middle. This booklet offers a digestible yet accomplished conception of our socioeconomic process, which condenses its sizeable complexity into simplified representations. the outcome either illuminates humanity's background and indicates methods ahead for guidelines at the present time, in components as various as poverty relief and tax compliance.
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Additional resources for An Economic Theory of Greed, Love, Groups, and Networks
This core includes not only the problems that mainstream economics already successfully addresses, such as those involved with trade, regulation, and the optimal treatment of lobby groups. It also includes our system of taxation, our political structures, and the scale and efﬁcacy of symbolic expenditures. Within the explanation provided, our own actions as social scientists must make sense as an integrated part of the whole, rather than being seen as an exception. The story constructed must furthermore make sense of the major historical developments involved in shaping the institutions we now have, such as the way in which taxation arose, and the way in which we moved from autocratic political structures that favored small elites to the current dominant structure in which those in power are more or less held to account by their populations, both via elections and via social norms.
One should see the theories in this book in the same way. The individual theories on greed, love, groups, and networks are each designed to ﬁt particular core observations, but only when simpliﬁed and joined in particular ways can they be used to explain bigger phenomena. Another aspect of the approach followed in this book is analog reasoning, which comes into play when devising the individual theories themselves. Candidate theories to capture love, groups, power, and networks were generated by viewing those concepts through different potential metaphors.
Nevertheless, this association with material interests is indirect and an individual would still not vote from the perspective of his conscious, material cost-beneﬁt calculus. So, even for the person who consistently votes for policies in his material interests, the voting act itself is still a reﬂection of idealism and group identiﬁcation. Tax-paying behavior Taxation too lies at the core of the system of governance of any country, and is understandably a ﬁxture in many scholars’ deﬁnitions of government.