RT Book, Whole DB /z-wcorg/ DS http://worldcat.org ID 44153668 LA English T1 Prelude to political economy : a study of the social and political foundations of economics A1 Basu, Kaushik., PB Oxford University Press PP Oxford [England]; New York YR 2000 SN 0198296711 9780198296713 0199261857 9780199261857 AB This volume aims to understand why some economies succeed and some fail, and why some communities prosper while others stagnate, so economics must be seen as embedded in politics and society. It is a study of this embeddedness. This book seeks to provide a better understanding of the state, the law, social norms, and the role of policy advise. It subscribes to the discipline of positive political economy, but also looks at the social situations that lie beyond economics and politics. It is divided into the five parts. Part I presents a primer on game theory. Part II raises the argument than an economy or market is embedded in a social setting, with all its attendant norms, institutions, and beliefs. Part III explores the idea of "the state" and laws. Part IV discusses selected topics on welfare economics. Part V argues that human beings do not use their rationality calculus over all available actions but only over a subset of them.