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H. Peyton Young is James Meade Professor of Economics, Emeritus, at the University of Oxford and Senior Research Fellow at Nuffield College, University of Oxford. He has published widely in economics, game theory, political representation, finance, and mathematics and is particularly well-known for his research on evolutionary game theory and its application to the evolution of social norms and institutions. He has also made notable contributions to the theory of distributive justice and its applications to political representation and the allocation of common resources. A Fellow of the British Academy, the American Academy of Arts and Sciences, the Econometric Society, the Society for the Advancement of Economic Theory, Peyton Young is also a former President of the Game Theory Society.
This volume weaves the author's papers together, with new commentary and perspective, into a coherent whole that well exceeds the sum of its parts. The relevant audience is broad, as is the range of questions and techniques that appear in the volume. This is must reading, from a pioneer and leading contributor to the field, for anyone interested in the emergence of cooperation, social norms, and institutions. * Larry Samuelson, A. Douglas Melamed Professor of Economics, Yale University * The question of how meaningful patterns of collective behavior-in a word 'order'-emerges out of the mess of uncoordinated individual beliefs, preferences, and information, lies at the heart of social science; and nobody has thought about this question more deeply than Peyton Young. In this one volume he has distilled decades of insights, bending rigorous mathematical models with simulations, experiments, and field data. The result will challenge and inspire students and experts alike. * Duncan Watts, Stevens University and Penn Integrates Knowledge Professor, University of Pennsylvania * These essays are fundamental contributions to the theory of the dynamics underlying the emergence of Social Norms. They are essential for anyone in the field. * Brian Skyrms, author of The Stag Hunt and the Evolution of Social Structure *
Transformation, Agency and the Economy...
The Case for a Grounded Economics...
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