A social contractarian theory of markets: Neoclassicism, Rawls, Gauthier and the alternative

$58.76 plus tax (Refund Policy)

Buy Article:

Abstract:

The study of resource allocation in market venues is taken up in a comparative framework of neoclassical and various social contractarian theories. It is shown that economic theory does not have an explanation of substantive interactions among agents and variables as it does among society, economy and institutions, all of which social contractarian theory necessitates. Thus Rawls's and Gauthier's social contractarian theories are examined against neoclassicism and the classical theory of markets and resource allocation. Shortcomings with these theories are pointed out and a purely interactive theory of social contractarianism is propounded. Markets and resource allocation are once again studied in this framework.

Keywords: Economic Theory; Markets; Resource Management; Theory

Document Type: Research Article

DOI: http://dx.doi.org/10.1108/03068290010384268

Publication date: March 1, 2000

Related content

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more