The economics of rights, co-operation, and welfare /
Sugden, Robert,
The economics of rights, co-operation, and welfare / Robert Sugden. - Second edition. - xiv, 243 pages : illustrations ; 22 cm
Includes bibliographical references and index.
Spontaneous order -- Games -- Coordination -- Property -- Possession -- Reciprocity -- Free riders -- Natural law -- Rights, co-operation and welfare. 1. 2. 3. 4. 5. 6. 7. 8. 9.
"In The Economics of Rights, Cooperation and Welfare, Robert Sugden sets out to answer a question that lies at the heart of economics and politics: how can individuals coordinate their behaviour in the absence of central law-enforcing agencies? Using the tools of evolutionary game theory, Sugden shows how self-enforcing conventions of property and reciprocity can evolve spontaneously out of the interactions of self-interested individuals. He goes on to argue that such conventions tend to become norms, even if they arbitrarily favour some people relative to others, and even if they do not maximize social welfare."--BOOK JACKET.
0333682394 9780333682395
2004051675
Free enterprise
Liberty
Property
Welfare economics
Social choice
HB95 / .S84 2005
330.1
The economics of rights, co-operation, and welfare / Robert Sugden. - Second edition. - xiv, 243 pages : illustrations ; 22 cm
Includes bibliographical references and index.
Spontaneous order -- Games -- Coordination -- Property -- Possession -- Reciprocity -- Free riders -- Natural law -- Rights, co-operation and welfare. 1. 2. 3. 4. 5. 6. 7. 8. 9.
"In The Economics of Rights, Cooperation and Welfare, Robert Sugden sets out to answer a question that lies at the heart of economics and politics: how can individuals coordinate their behaviour in the absence of central law-enforcing agencies? Using the tools of evolutionary game theory, Sugden shows how self-enforcing conventions of property and reciprocity can evolve spontaneously out of the interactions of self-interested individuals. He goes on to argue that such conventions tend to become norms, even if they arbitrarily favour some people relative to others, and even if they do not maximize social welfare."--BOOK JACKET.
0333682394 9780333682395
2004051675
Free enterprise
Liberty
Property
Welfare economics
Social choice
HB95 / .S84 2005
330.1