Research Article

ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS

Volume: 57 Number: 2 January 26, 2012
  • Murat Birdal
EN TR

ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS

Abstract

Recent game theoretical studies illustrate that mutual trust among people is what a society needs to be able to sustain a market order on a long-term basis and at reasonable transaction costs. In this context, social norms play a crucial role in the evolution of the economic structure, On the other hand, the evolution of the market structure and other economic institutions means something more than simply a change in the ways of allocation of goods and resources and has a profound effect on social norms and values that form our preferences. In this paper, by drawing on the game theory literature, we first explore the role played by social norms and generalized morality in the expansion of markets. Secondly, by using the endogenous preferences model, we discuss how these social norms can be influenced by the evolution of the economic structure. The last part of the paper is a case study on conversion to Islam in Sub Saharan Africa, in which we test the relevance of our theoretical arguments.

Keywords

References

  1. Ames Ruth and Gerald Marweli. 1981. "Economists Free Ride. Does Anyone Else?" Journal of Public Economics 15: 295-310.
  2. Axelrod, Robert. 1997. The Complexity of Cooperation. Princeton, New Jersey: Princeton University Press.
  3. Bowles, Samuel. 1998. "Endogenous Preferences: Cultural Consequences of Markets and Other Economic Institutions." Journal of Economic Literature, 36: 75-111.
  4. Bowles, Samuel. 2000. "Individual Interactions, Group Conflicts and the Evolution of Preferences" in Social Dynamics, Steven Durlauf and Peyton Young (ed), Cambridge: M I T Press.
  5. Boyd, Robert and Peter J. Richerson. 1985. Culture and the Evolutionary Process. Chicago and London: University of Chicago Press. 48
  6. Buchanan, James M . 1975. The Limits of Liberty. Chicago: University of Chicago Press,.
  7. Clarke, Peter B. 1982. West Africa and Islam. London: Arnoid.
  8. Dasgupta, Partha. 1988. "Trust as a Commodity", in Trust: Making and Breaking Cooperative Relations, Gambetta, D (ed.), Oxford: Basil Blackweil.

Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Murat Birdal This is me

Publication Date

January 26, 2012

Submission Date

January 26, 2012

Acceptance Date

-

Published in Issue

Year 2007 Volume: 57 Number: 2

APA
Birdal, M. (2012). ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS. İstanbul Üniversitesi İktisat Fakültesi Mecmuası, 57(2), 27-48. https://izlik.org/JA22KG53RX
AMA
1.Birdal M. ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS. İstanbul Üniversitesi İktisat Fakültesi Mecmuası. 2012;57(2):27-48. https://izlik.org/JA22KG53RX
Chicago
Birdal, Murat. 2012. “ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası 57 (2): 27-48. https://izlik.org/JA22KG53RX.
EndNote
Birdal M (January 1, 2012) ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS. İstanbul Üniversitesi İktisat Fakültesi Mecmuası 57 2 27–48.
IEEE
[1]M. Birdal, “ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS”, İstanbul Üniversitesi İktisat Fakültesi Mecmuası, vol. 57, no. 2, pp. 27–48, Jan. 2012, [Online]. Available: https://izlik.org/JA22KG53RX
ISNAD
Birdal, Murat. “ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası 57/2 (January 1, 2012): 27-48. https://izlik.org/JA22KG53RX.
JAMA
1.Birdal M. ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS. İstanbul Üniversitesi İktisat Fakültesi Mecmuası. 2012;57:27–48.
MLA
Birdal, Murat. “ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS”. İstanbul Üniversitesi İktisat Fakültesi Mecmuası, vol. 57, no. 2, Jan. 2012, pp. 27-48, https://izlik.org/JA22KG53RX.
Vancouver
1.Murat Birdal. ECONOMIC PERSPECTIVES ON CULTURAL EVOLUTION: ECONOMIC INSTITUTIONS AND EVOLUTION OF SOCIAL NORMS. İstanbul Üniversitesi İktisat Fakültesi Mecmuası [Internet]. 2012 Jan. 1;57(2):27-48. Available from: https://izlik.org/JA22KG53RX