Böcker av Hobart Peyton Young

Governments and institutions, perhaps even more than markets, determine who gets what in our society. This title offers a systematic explanation of what we mean by fairness in distributing public resources and burdens, and applies the theory to actual cases.

Neoclassical economics assumes that people are highly rational and can reason their way through even the most complex economic problems. This book shows how the cumulative experiences of many individuals coalesce over time into customs, norms, and institutions that govern economic and social life.