How Long to Read The Economic Theory of Social Institutions

How Long Does it Take to Read The Economic Theory of Social Institutions?

It takes the average reader to read The Economic Theory of Social Institutions by Andrew Schotter

Assuming a reading speed of 250 words per minute. Learn more

Description

This book uses game theory to analyse the creation, evolution and function of economic and social institutions. The author illustrates his analysis by describing the organic or unplanned evolution of institutions such as the conventions of war, the use of money, property rights and oligopolistic pricing conventions. Professor Schotter begins by linking his work with the ideas of the philosophers Rawls, Nozick and Lewis. Institutions are regarded as regularities in the behaviour of social agents, which the agents themselves tacitly create to solve a wide variety of recurrent problems. The repetitive nature of the problems permits them to be described as a recurrent game or 'supergame.' The agents use these regularities as informational devices to supplement the information contained in competitive prices. The final chapter explores the applicability of this theory, first by relating it to previous work on the theory of teams, hierarchies, and non-maximizing decision theory, and then by using it to provide a new approach to a variety of questions both within and outside economics.

How long is The Economic Theory of Social Institutions?

The Economic Theory of Social Institutions by Andrew Schotter is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read The Economic Theory of Social Institutions Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read The Economic Theory of Social Institutions aloud.

What Reading Level is The Economic Theory of Social Institutions?

The Economic Theory of Social Institutions is suitable for students ages 2 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Economic Theory of Social Institutions?

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