Khalil versus Smith: do moral sentiments differ from ordinary tastes?
Article Abstract:
Several issues crucial to the discussion of commitments and interests were disregarded, such as many aspects of the gift, the choice/rule debate and the conception of gifts as rewards. The conceptualization of symbolic utility as a by-product of substantive utility does not contribute to the elucidation of commitments and gifts. The issue of commitment and interest is seen as parallel to the gifts/grants dichotomy. Interests are suggested to provide 'substantive utility,' while commitments accord 'symbolic utility.'
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1998
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Transaction cost economics: how it works; where it is headed
Article Abstract:
Transaction cost economics, which is a product of New Institutional Economics and the economics of organization, plays a vital role in the field of economic research. It serves as an interdisciplinary link between law, economics and organization in which economics is of great importance. It also acts as a comparative institutional exercise in which economizing is the major objective and the action relies on transactions and governance.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1998
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