Beyond the Market: The Social Foundations of Economic Efficiency

Zusammenfassung

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Beyond the Market: The Social Foundations of Economic Efficiency, by Jens Beckert, is reviewed.

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Auszug

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Beyond the Market: The Social Foundations of Economic Efficiency

Beckert, Jens:

Beyond the Market: The Social Foundations of Economic Efficiency

Campus, Frankfurt am Main, New York, 1997

From the perspective of the behavioral sciences the prevailing neoclassical paradigm in economics is criticized for its unrealistic assumptions on rationality. For two reasons this argumentation is superficial:

(1) If individual behavior is to be explained, traditional (neoclassical) economics can easily admit, that its classic...

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