Institutional Economics and the Formation of Preferences

Institutional Economics and the Formation of Preferences

The Advent of Pop Music

New Horizons in Institutional and Evolutionary Economics series

Wilfred Dolfsma

The formation of preferences is an elusive subject that many social scientists, and especially economists, have tended to avoid. In this original new book, Wilfred Dolfsma combines institutional economics with insights from the other social sciences to analyse the way in which preferences are formed in a social context.

Preface

Wilfred Dolfsma

Subjects: economics and finance, evolutionary economics, institutional economics

Extract

This text, like a pop song (and its valuation), emanates from a social process. Every word is ‘mine’, of course, but the influence of others is apparent through the whole of the text. Influence is not synonymous with responsibility, and so I should emphasize immediately that I am the only one responsible for the views expressed and any mistakes or omissions remaining. There are widening circles of identification and interaction as far as my work on issues related to this line of research is concerned. Closest are, of course, Paul Bush, Metin Cosgel, John Davis, Mark Granovetter, David George, Geoff Hodgson, Hella ¸ Hoppe, Elias Khalil, Arjo Klamer, Jürgen Lange-von Kulessa, Dick Langlois, Fieke van der Lecq, Deirdre McCloskey, Lanse Minkler, Bert Mosselmans, Juliet Schor, Irene van Staveren. A William R. Waters Summer Research Grant, generously provided by the Association for Social Economics, allowed me to visit some of them in the summer of 2002 to discuss how best to reorient my argument on institutional economics, consumption theory, values, rhetoric, and pop music (symbolic goods). Inspiration and intellectual stimulus have also come from Hans Abbing, Ash Amin, Ellen Bal, Wim Blauw, Theunis Ijdens, Albert Jolink, Jeroen de Kloet, Edith Kuiper, Berend Jan Langenberg, Tony Lawson, Judith Mehta, Monika Mokre, Mary Morgan, Klaus Nielsen, Martha Paas, Ester-Mirjam Sent, Fred van Raaij, David Throsby, Marc Tool, Ruth Towse, Andrew Tylecote, Olav Velthuis, Rudi Verburg, Geert de Vries, and Peter-Wim Zuidhof. I would like to thank each of them for kind, yet critical...