Download Social Economics Free Ebooks in PDF format. Download free ebook of Social Economics soft copy pdf or read online by"Gary Stanley Becker","Kevin M. Murphy"Published on 2009-07-01 by Harvard University Press
Economists assume that people make choices based on their preferences and their budget constraints. The preferences and values of others play no role in the standard economic model. This feature has been sharply criticized by other social scientists, who believe that the choices people make are also conditioned by social and cultural forces. Economists, meanwhile, are not satisfied with standard sociological and anthropological concepts and explanations because they are not embedded in a testable, analytic framework. In this book, Gary Becker and Kevin Murphy provide such a framework by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of individuals. Using this approach, the authors are able to explain many puzzling phenomena, including patterns of drug use, how love affects marriage patterns, neighborhood segregation, the prices of fine art and other collectibles, the social side of trademarks, the rise and fall of fads and fashions, and the distribution of income and status.
This Book was ranked at 17 by Google Books for keyword Economics Theory prime books.
Book ID of Social Economics's Books is cUMgPIPp0-IC, Book which was written by"Gary Stanley Becker","Kevin M. Murphy"have ETAG "Pz8a7XMktYs"
Book which was published by Harvard University Press since 2009-07-01 have ISBNs, ISBN 13 Code is 9780674020641 and ISBN 10 Code is 0674020642
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Book which have "190 Pages" is Printed at BOOK under Category"Business & Economics"
Book was written in en
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