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Description - Individual Strategy and Social Structure by H. Peyton Young

In this volume, the author argues for a realistic view in which people have a limited understanding of their environment. He seeks to show how the cumulative experiences of many individuals coalesce over time into customs, norms and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties.

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Book Details

ISBN: 9780691086873
ISBN-10: 0691086877
Format: Paperback
(235mm x 152mm x mm)
Pages: 208
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 3-Jan-2001
Country of Publication: United States

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Author Biography - H. Peyton Young

H. Peyton Young is Scott and Barbara Black Professor of Economics at The Johns Hopkins University and a Visiting Fellow at the Brookings Institution. He is the author of Equity: In Theory and Practice (Princeton).

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