ALTERNATIVE WAYS TO VIEW ECONOMIC BEHAVIOR - ECON 389

Professor: Biju Rao

Office: Fernald 19 (Attic)

: x2144

vrao@williams.edu.  

Office Hours

Monday 2-4, Wednesday 9-11, Friday 4-5, and by appointment. Stop by my office to discuss ideas over *            ----------------------------------------------------------------------------------

  How do the other social sciences view economic behavior? For instance, most human beings exchange gifts. Some neo-classical economists have seen this as an essentially irrational act which adversely affects economic efficiency. Anthropologists however have developed elaborate theories of gift exchange which view gifts as a way in which relationships within a community are preserved, and as an expression of status competition. Another example: Why does crime exist? Economists would argue that criminal activity is influenced by rational decisions where the prospective criminal weighs the costs and benefits of breaking the law. Thus, crime exists in part because the benefits of crime outweigh the costs. Sociologists, however, may argue otherwise, saying that every functioning society defines certain activities as "criminal" in order to construct "normal" behavior and thus permit a social order to be defined.

  Thus, neo-classical economic theories are often at variance with the other social sciences, even when they study the same phenomena. This course will look at a variety of subjects and see how economists have studied them, and then contrast the economic perspective with points of view from sociology and anthropology. We will also try to examine to what extent economists have tried to incorporate ideas from the other social sciences, and whether there is room for more inter-disciplinary collaboration. Topics that we will study will include, Gift-Exchange, Crime, Money, Marriage, Ethnicity, Violence, and Commodities.  To explore social theory links on the Web click here.

This is primarily a seminar and discussion course and everyone is required to do the readings before coming to class.

Prerequisites: Econ 251

Requirements: Will be Announced in Class

Grade Breakdown:Will be announced.

Feb 6.

Introduction

Economic Conceptions of Human Behavior

Feb 11th

1) George Stigler - "The Development of Utility Theory," from Essays in the History of Economics, The University of Chicago Press, 1965, Pp: 66-155

Feb 13th

2) Lionel Robbins, Chapters 1 and 2 of An Essay on the Nature and Signigicance of Economic Science, Second Edition, MacMillan and Company Ltd., 1935, Pp:1-45

3) Gary Becker, "The Economic Approach to Human Behavior," Chapter 1 of The Economic Approach to Human Behavior, University of Chicago Press, 1976, Pp: 3-14.

Durkheim and Weber - Classical Social Theory

Feb 18th

4) Emile Durkheim, "What is a Social Fact," from The Rules of the Sociological Method, New York Free Press, 1982, Pp: 50-59

5) Raymond Aron, "Emile Durkheim," from Main Currents in Sociological Thought, Vol. 2, Pp: 11-34, and 59-69.

Feb 20th - 25th

6) Dennis Wrong, "Introduction" from Max Weber, Dennis Wrong (ed) Prentice-Hall, 1970, Pp:1-75.

7) Max Weber, "Basic Concepts of Sociology," 19-26, "The Ideal Type," Pp;27-31, "The Protestant Ethic" Pp: 33-38, from Max Weber, S.M.Miller (ed), Thomsas Crowell Company, 1963

Topics

Gifts and Exchange:

February 27

8) Marcel Mauss, The Gift, Chapter One Pp: 8-46

Chapter Two, Pp: 65-82

March 4th

9) Joel Waldfogel, "The Deadweight Loss of Christmas," American Economic Review, 1993

Dowries and Marriage

March 6th

10) Ursula Sharma, "Dowry in North India: Its Consequences for Women," from Patricia Uberoi (ed) Family, Marriage and Kinship in India, Pp:341-356

11) Vijayendra Rao, "The Rising Price of Husbands," Journal of Political Economy, August 1996, Pp:666-677

Violence

March 11th

12) Francis Bloch and V. Rao, "Terror as a Bargaining Instrument: Dowry Violence in Rural India," Williams College Mimeo, 1997.

March 13th

13) Robert J. Thornton, "The Shooting at Uitenhage, South Africa, 1985: The context and Interpretation of Violence," American Ethnologist, Pp217

Crime

March 18th

14) Gary Becker, "Crime and Punishment: An Economic Approach," Pp; 1- 45

March 20th

15) Donald Black, "Crime as Social Control," From Towards A General Theory of Social Control, Vol 2, Pp; 1-27

Discrimination/Ethnicity

April 8th

16) Glenn Cain, "The Economic Analysis of Labor Market Discrimination," from Handbook of Labor Economics, Pp: 693-731

April 10th

17) Erving Goffman, "Stigma and Social Identity," from Stigma, Pp; 1-40

18) Elijah Anderson, "Street Etiquette and Street Wisdom,," from Streetwise, Pp; 207-236

Religion and Ritual

April 15

19) Laurence R. Iannaccone, "A Formal Model of Church and Sect," American Journal of Sociology , S241-S268, 1988

April 17

20) Emile Durkheim, "Religion and Ritual," from Emile Durkheim: Selected Writings, Anthony Giddens (ed), Pp: 219-238

April 22

21) Clifford Geertz, "Ritual and Social Change: A Javanese Example," from The Interpretation of Cultures, Pp: 142-169

Money

April 24

22) Viviana A. Zelizer, "The Marking of Money," from the The Social Meaning of Money, 1994. Pp; 1-36

23) Maurice Bloch, "The Symbolism of Money in Imerina," from Money and the Morality of Exchange, J. Parry and M.Bloch, (ed), 1989, Pp: 165-190

Commodities and Preferences

April 29

24) Thorstein Veblen, "Conspicuous Consumption," from The Theory of the Leisure Class, first published 1899, Penguin Books reprint, 1983, Pp: 68-101

May 1

25) Igor Kopytoff, "The Cultural Biography of Things: Commoditization as Process," from The Social Life Things, Arjun Appadurai (ed), Cambridge University Press, 1988. Pp: 64-91

26) Alfred Gell, "Newcomers to the world of goods: Consumption among the Muria Gonds," from The Social Life Things, Arjun Appadurai (ed), Cambridge University Press, 1988, Pp:110-137

Critique and Syntheses

May 6th

27) Douglas North, "Institutions and Their Consequences for Economic Performance," from The Limits of Rationality, Cook and Levi (eds), 383-401, 1990.

May 8th

28) Mark Granovetter, "Economic Action and Social Structure: The Problem of Embeddedness," American Journal of Sociology, Vol. 91, #3, Pp: 481-510, November 1985

May 13

29) Amartya Sen, "The Standard of Living: Lecture1 , Concepts and Critiques," "Chapter 2: Lives and Capabilities," from The Standard of Living, Cambridge University Press, 1985, Pp: 1-38

May 15th

30) James S. Coleman, "Social Capital in the Creation of Human Capital," American Journal of Sociology, Vol. 94 (Supplement), 1988, Pp: S95-S120, and Wrap Up.

If you have any questions about the course send me email.

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