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Download e-book Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy

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He has served as chair of the Policy Studies Concentration, which he helped to develop based on his work with Grinnell-in-Washington.

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Morality & the Free Market - Intro to Political Economy, Lecture10

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CeDEx workshop - Bill Ferguson (Grinnell College) - The University of Nottingham

Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilizes collective action as a unifying concept, arguing that collective-action problems lie at the foundation of market success, market failure, economic development, and the motivations for policy. Ferguson draws on information economics, social preference theory, cognition theory, institutional economics, as well as political and policy theory to develop this approach.

The text uses classical, evolutionary, and epistemic game theory, along with basic social network analysis, as modeling frameworks.

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These models effectively bind the ideas presented, generating a coherent theoretic approach to political economy that stresses sometimes overlooked implications. Kreps Clarendon Press, Read preview Overview.

Brams Routledge, By Villena, Mauricio G. Villena, Marcelo J. Journal of Economic Issues, Vol.

Game Theory

Online Available online. Green Library.


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F Unknown. More options. Find it at other libraries via WorldCat Limited preview. Bibliography Includes bibliographical references and index.

William D. Ferguson

Contents Introduction : a farmers' market Collective-action problems and innovative theory The basic economics of collective action Enforcement, coordination, and second-order collective-action problems Seizing advantage : strategic moves and power in exchange Basic motivation : rational egoists and reciprocal players Foundations of motivation: rationality and social preference Institutions, organizations, and institutional systems Informal institutions Internal resolution via group self-organization Third-party enforcement, formal institutions, and interactions with self-governance Social networks and collective action Policy and political economy Knowledge, collective action, institutions, location, and growth.

Ferguson unifies a broad range of new developments in economic theory and closely related areas of study to present a comprehensive political economy text, aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilises collective action as a unifying concept, arguing that collective action problems lie at the foundation of market success and failure and serve as a theoretical rationale for policy.


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In pursuing this goal, Ferguson draws on information economics, social preference theory, cognition theory, new institutional economics, and network theory.