Communication and Economic Theory: How to deal with rationality in a communicational environment (2014) (Ethical Economy #47)

Synopsis

This book analyzes the different topics which highlight the relevance of communication within markets. In using and reformulating concepts of Arrow, Commons, Williamson, North, Becker and others, the author shows the hidden implications of these authors for a new approach in economics: communication matters. Markets are systems of allocation, which are governed by communication networks. In Economics, so far, communication processes play a minor role. During the last century, there was a tendency of using ‘communication’ as a tool for reintroducing the diversity of rational actions. Yet, communication is a governance-structure of its own, which cannot be used as a tool, since communication is disturbing the expectations of the economics actors and changing the actor’s preferences as well as their belief-systems. By using examples such as Kenneth Arrow’s economics actor theory and Douglas North’s emphasis on communication being a process of building ‘shared mental models’, this book argues that if communication matters, we have to reinterpret the basics of economic methodology and integrate network-processing and discourse theories.

Copyright:

2014

Book Details

Book Quality:

Publisher Quality

ISBN-13:

9783319069012

Related ISBNs:

9783319069005

Publisher:

Springer International Publishing

Date of Addition:

08/30/19

Copyrighted By:

Springer International Publishing, Cham

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Business and Finance, Social Studies, Language Arts, Law, Legal Issues and Ethics, Philosophy

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.