Social Economics

Market Behavior in a Social Environment

Gary S. Becker

Kevin M. Murphy

  • Gary S. Becker is Winner of the 1992 Nobel Prize in Economics

Acknowledgments

Part I The Effect of Social Capital on Market Behavior

1. The Importance of Social Interactions

2. Social Forces, Preferences, and Complementarity

3. Are Choices "Rational" When Social Capital Is Important?

Part II The Formation of Social Capital

4. Sorting by Marriage

5. Segregation and Integration in Neighborhoods

6. The Social Market for the Great Masters and Other Collectibles
with William Landes

7. Social Markets and the Escalation of Quality: The World of Veblen Revisited
with Edward Glaeser

8. Status and Inequality
with Iván Werning

Part III Fads, Fashions, and Norms

9. Fads and Fashion

10. The Formation of Norms and Values

References

Author Index

Subject Index

  • Cover: Social Economics
  • A photo of the author

Gary S. Becker is University Professor of Economics and Sociology at the University of Chicago. In 1992, he was awarded the Nobel Prize in Economics.

Kevin Murphy is the George Pratt Shultz Professor of Economics and Industrial Relations, Graduate School of Business, the University of Chicago. He won the John Bates Clark Medal of the American Economics Association in 1997.