1.

Record Nr.

UNINA9910298555603321

Autore

Priddat Birger P

Titolo

Communication and Economic Theory : How to deal with rationality in a communicational environment / / by Birger P. Priddat

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2014

ISBN

3-319-06901-2

Edizione

[1st ed. 2014.]

Descrizione fisica

1 online resource (153 p.)

Collana

Ethical Economy, Studies in Economic Ethics and Philosophy, , 2211-2707 ; ; 47

Disciplina

330.01

Soggetti

Economics

Emigration and immigration

Linguistics

Ethics

Economic Theory/Quantitative Economics/Mathematical Methods

Migration

Linguistics, general

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references at the end of each chapters.

Nota di contenuto

Foreword  -- 1 The new Population of Economics: Multiple, Fair, Ignorant and Emotional Actors. How are the Markets Ordered in Accordance with Diversified Knowledge Bases? --  2 Mutual and self-enforcing agreements. Contracts as the basic institution of economics: Network knowledge instead of rational choice -- 3 Morals: Restrictions, Metapreferences: Adjusting an Economics of Morality -- 4 Communication of the constraints on action K.J. Arrow on Communication  -- 5 Communication as Interpretation of Economic Contexts: The Example of Culture and Economy: D.C. North -- 6 Ludonarrative Dissonance: Economy as a diversified language game landscape -- 7 Rationality, hermeneutics, and communicational processes. On L. Lachmann's approach of hermeneutical economics.

Sommario/riassunto

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.