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Cover Art for Principles Of Exchange And Power: Integrating The Theory Of Social Institutions And The Theory Of Value
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Principles Of Exchange And Power: Integrating The Theory Of Social Institutions And The Theory Of Value
Author(s): Horster, Nikolaus
ISBN10:  3631310404
ISBN13:  9783631310403
Format:  Paperback
Pub. Date:  12/1/1997
Publisher(s): Peter Lang Pub Inc

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Table of Contents
I. Introduction
13(8)
II. Social Institutions
21(46)
II.1 What is an Institution?
21(4)
II.2 The Different Approaches to Social Institutions
25(12)
II.2.1 Harmonious Models
25(2)
II.2.2 Game Theory versus Power-based Theories
27(6)
II.2.3 The Power-based Institutional Model
33(2)
II.2.4 Game Theory versus Power Theory
35(2)
II.3 The Theory of Social Institutions
37(30)
II.3.1 Macro Structure
38(5)
II.3.2 Actions & Causes
43(4)
II.3.3 Micro Structures
47(3)
II.3.4 Social Schema
50(2)
II.3.5 Social Practices
52(4)
II.3.6 Social Institutions
56(6)
II.3.7 The Knight and his Village
62(5)
III. General Equilibrium Theories
67(22)
III.1 Historical and Conceptual Development of GET
68(2)
III.2 Why Debreu?
70(15)
III.2.1 Behavioral Theory of the Firm
70(8)
III.2.2 Equilibrium Theory
78(4)
III.2.3 Transaction Cost Theory
82(3)
III.3 Structuralist Representations of Economic Theories
85(4)
IV. Theory of Value
89(20)
IV.1 Commodities and Prices
90(2)
IV.2 Producers
92(2)
IV.3 Consumers
94(3)
IV.3.1 Consumption Plans and Consumption Sets
94(1)
IV.3.2 Preferences
95(1)
IV.3.3 Utility function
96(1)
IV.3.4 Initial Endowment
96(1)
IV.3.5 Budget Constraints
96(1)
IV.4 POE (private ownership economy)
97(2)
IV.5 Equilibrium and State of the Economy
99(4)
IV.6 The ARROW-DEBREU Equilibrium
103(2)
IV.7 The Core of the General Equilibrium Theory
105(4)
V. Merging of the Theories
109(12)
V.1 Method
109(1)
V.2 Analysis
110(5)
V.2.1 GETD and SIT
110(1)
V.2.2 Additional Modifications
111(4)
V.3 Merging of SIT and GETD
115(6)
VI. Application of the Theory
121(16)
VI.1 The Knight and his Village revisited
121(9)
VI.1.1 Exchange and Influence
122(4)
VI.1.2 The Role of Transactions
126(4)
VI.2 Consistency of ESIT
130(7)
VII. Interpretation
137(22)
VII.1 Critic of the General Equilibrium Theories
138(5)
VII.2 The Role of Hidden Assumptions
143(4)
VII.3 EXCHANGE and POWER
147(8)
VII.4 Conclusion
155(4)
VIII. Observations on the Method
159(30)
VIII.1 Elements of the structuralist theory concept
160(8)
VIII.1.1 Basic Elements
160(3)
VIII.1.2 Theory Elements
163(5)
VIII.2 Theory of Social Institutions
168(9)
VIII.2.1 Macro Structure
168(1)
VIII.2.2 Micro Model
169(2)
VIII.2.3 Superstructure
171(2)
VIII.2.4 Social Practises
173(2)
VIII.2.5 Social Institutions
175(2)
VIII.3 Theory of Value
177(4)
VIII.3.1 POE
177(2)
VIII.3.2 The ARROW-DEBREU Equilibrium
179(1)
VIII.3.3 The Core of the General Equilibrium Theory
180(1)
VIII.4 ESIT
181(1)
VIII.5 The Empirical Claim
182(2)
VIII.6 Specialization versus Enhancement
184(3)
VIII.7 Enhancement of a Theory Element
187(2)
IX. Symbols and Conventions
189(2)
X. Bibliography
191

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