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An economic theory of greed, love, groups, and networks

Frijters, Paul and Foster, Gigi (2013) An economic theory of greed, love, groups, and networks. Cambridge University Press, Cambridge, UK. ISBN 9781107678941

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Abstract

Why are people loyal? How do groups form and how do they create incentives for their members to abide by group norms? Until now, economics has only been able to partially answer these questions. In this groundbreaking work, Paul Frijters presents a new unified theory of human behaviour. To do so, he incorporates comprehensive yet tractable definitions of love and power, and the dynamics of groups and networks, into the traditional mainstream economic view. The result is an enhanced view of human societies that nevertheless retains the pursuit of self-interest at its core. This book provides a digestible but comprehensive theory of our socioeconomic system, which condenses its immense complexity into simplified representations. The result both illuminates humanity's history and suggests ways forward for policies today, in areas as diverse as poverty reduction and tax compliance.

Item Type: Book
Additional Information: © 2013 The Authors
Divisions: Centre for Economic Performance
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Sets: Research centres and groups > Centre for Economic Performance (CEP)
Date Deposited: 07 Feb 2018 14:33
Last Modified: 20 Feb 2019 01:24
URI: http://eprints.lse.ac.uk/id/eprint/86665

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