Social Economics

Gary S. Becker · Kevin M. Murphy

307 citations0/0 files storedHarvard University Press eBooks

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Economic Theory and Institutions Economic theories and models Social Capital and Networks

Abstract

The authors offer an analytic framework for measuring how people make choices, including social environment with standard goods and services in their utility functions. These functions enable analysis of how changes in social environment affect choice, and provide a way of analyzing how social environment is determined by individuals' interactions.

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