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.'

Economic aspects, Commitment (Psychology), Interest (Psychology)

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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.

Economics, Research and Development in the Social Sciences and Humanities, Research, Analysis, Economic research, Production functions (Economics), Cost (Economics), Costs (Economics)

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