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features. For this purpose, Carl Menger's theory of goods is taken as a starting point. Whereas economists after the … 'marginalistic revolution' were almost exclusively concerned with the determinants of exchange value and developing price theory … connection between Menger's 19th century theory of goods and 20th century learning theories is established. The problem of how to …
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That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
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That institutions matter is widely accepted among economists and so are social norms as an important category of informal institutions. Social norms matter in many economic situations, but in particular for markets. The economic literature has studied the interrelation between markets and social...
Persistent link: https://www.econbiz.de/10010488545