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In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not p
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Questions about the origins of human cooperation have long puzzled and divided scientists. Social norms that foster fair-minded behavior, altruism and collectiv
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Social norms are rules that prescribe what people should and should not do given their social surroundings and circumstances. Norms instruct people to keep thei
Law and Social Norms
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What is the role of law in a society in which order is maintained mostly through social norms, trust, and nonlegal sanctions? Eric Posner argues that social nor
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A work of exceptional ambition by the founder of modern economic sociology, this first full account of Mark Granovetter’s ideas stresses that the economy is n