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A hybrid of a model of economic equilibrium in two markets and a social game is formed. The link between the two is established through a social norm which conditions correct social behavior on economic variables and therefore distorts the economic equilibrium allocation. The initial endowment...
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economic theory? How does the Austrian school of economics compare to other evolutionary schools of economic thought? What can … public choice theory take from the concept of emergent order? What role does departmental culture play in enabling or … market institutions rooted in market process theory learn from virtue ethics? Is a classical liberal limited state best …
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"This book is the first systematic treatment of the philosophy of science underlying evolutionary economics. It does not advocate an evolutionary approach towards economics, but rather assesses the epistemic value of appealing to evolutionary biology in economics more generally. The author...
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