LEADER 06045nam 2200781Ia 450 001 9910454866103321 005 20200520144314.0 010 $a0-674-02064-2 024 7 $a10.4159/9780674020641 035 $a(CKB)1000000000805480 035 $a(OCoLC)655241049 035 $a(CaPaEBR)ebrary10326111 035 $a(SSID)ssj0000487451 035 $a(PQKBManifestationID)11309204 035 $a(PQKBTitleCode)TC0000487451 035 $a(PQKBWorkID)10443001 035 $a(PQKB)10291179 035 $a(SSID)ssj0000247420 035 $a(PQKBManifestationID)12070226 035 $a(PQKBTitleCode)TC0000247420 035 $a(PQKBWorkID)10195811 035 $a(PQKB)11282351 035 $a(MiAaPQ)EBC3300566 035 $a(DE-B1597)457551 035 $a(OCoLC)1013937677 035 $a(OCoLC)1029831423 035 $a(OCoLC)1032694852 035 $a(OCoLC)1037982351 035 $a(OCoLC)1041997514 035 $a(OCoLC)1046605572 035 $a(OCoLC)1046997499 035 $a(OCoLC)979909993 035 $a(DE-B1597)9780674020641 035 $a(Au-PeEL)EBL3300566 035 $a(CaPaEBR)ebr10326111 035 $a(OCoLC)923111861 035 $a(EXLCZ)991000000000805480 100 $a20000627d2000 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSocial economics$b[electronic resource] $emarket behavior in a social environment /$fGary S. Becker, Kevin M. Murphy 210 $aCambridge, MA $cBelknap Press of Harvard University Press$d2000 215 $a1 online resource (181 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-674-00337-3 311 $a0-674-01121-X 320 $aIncludes bibliographical references (p. [159]-164) and indexes. 327 $tFrontmatter --$tContents --$tAcknowledgments --$tPart I. The Effect of Social Capital on Market Behavior --$t1. The Importance of Social Interactions --$t2. Social Forces, Preferences, and Complementarity --$t3. Are Choices "Rational" When Social Capital Is Important? --$tPart II. The Formation of Social Capital --$t4. Sorting by Marriage --$t5. Segregation and Integration in Neighborhoods --$t6. The Social Market for the Great Masters and Other Collectibles --$t7. Social Markets and the Escalation of Quality: TheWorld of Veblen Revisited --$t8. Status and Inequality --$tPart III Fads, Fashions, and Norms --$t9. Fads and Fashion --$t10. The Formation of Norms and Values --$tReferences / Index --$tReferences --$tAuthor Index --$tSubject Index 330 $aEconomists assume that people make choices based on their preferences and their budget constraints. The preferences and values of others play no role in the standard economic model. This feature has been sharply criticized by other social scientists, who believe that the choices people make are also conditioned by social and cultural forces. Economists, meanwhile, are not satisfied with standard sociological and anthropological concepts and explanations because they are not embedded in a testable, analytic framework. In this book, Gary Becker and Kevin Murphy provide such a framework by including the social environment along with standard goods and services in their utility functions. These extended utility functions provide a way of analyzing how changes in the social environment affect people's choices and behaviors. More important, they also provide a way of analyzing how the social environment itself is determined by the interactions of individuals. Using this approach, the authors are able to explain many puzzling phenomena, including patterns of drug use, how love affects marriage patterns, neighborhood segregation, the prices of fine art and other collectibles, the social side of trademarks, the rise and fall of fads and fashions, and the distribution of income and status.Table of Contents: Acknowledgments Part I The Effect of Social Capital on Market Behavior 1. The Importance of Social Interactions 2. Social Forces, Preferences, and Complementarity 3. Are Choices "Rational" When Social Capital Is Important? Part II The Formation of Social Capital 4. Sorting by Marriage 5. Segregation and Integration in Neighborhoods 6. The Social Market for the Great Masters and Other Collectibleswith William Landes 7. Social Markets and the Escalation of Quality: The World of Veblen Revisitedwith Edward Glaeser 8. Status and Inequalitywith Iv�¡n Werning Part III Fads, Fashions, and Norms 9. Fads and Fashion 10. The Formation of Norms and Values References Author Index Subject Index Reviews of this book: [Becker and Murphy] are pioneers in the quest to extend the boundaries of rational choice theory in economics...They depict human beings not as isolated individuals but as members of society, shaped by social and cultural forces...This book marks another step in bringing economic theory closer to social reality.--David Throsby, Times Literary SupplementReviews of this book: This fascinating short book seeks to advance a 'social economics' field that would tackle such interpersonal issues head-on. It does so by addressing a diverse set of issues that includes social capital, habits and social interactions, sorting and marriage markets, segregation and integration of neighborhoods, escalation in product quality, status and inequality, and the modeling of fashions, norms, and values.--Stephen R. G. Jones, Journal of Economic Literature 606 $aEconomics$xSociological aspects 606 $aSocial interaction$xEconomic aspects 608 $aElectronic books. 615 0$aEconomics$xSociological aspects. 615 0$aSocial interaction$xEconomic aspects. 676 $a306.3 686 $aQB 100$2rvk 700 $aBecker$b Gary S$g(Gary Stanley),$f1930-$0118957 701 $aMurphy$b Kevin M$0119818 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910454866103321 996 $aSocial economics$9513548 997 $aUNINA