Cambridge University Press (2008)

Abstract
This book uses game theory to analyse the creation, evolution and function of economic and social institutions. The author illustrates his analysis by describing the organic or unplanned evolution of institutions such as the conventions of war, the use of money, property rights and oligopolistic pricing conventions. Professor Schotter begins by linking his work with the ideas of the philosophers Rawls, Nozick and Lewis. Institutions are regarded as regularities in the behaviour of social agents, which the agents themselves tacitly create to solve a wide variety of recurrent problems. The repetitive nature of the problems permits them to be described as a recurrent game or 'supergame.' The agents use these regularities as informational devices to supplement the information contained in competitive prices. The final chapter explores the applicability of this theory, first by relating it to previous work on the theory of teams, hierarchies, and non-maximizing decision theory, and then by using it to provide a new approach to a variety of questions both within and outside economics.
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Reprint years 2011
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ISBN(s) 9780521067133   9780511983863   0521067138   0521230446
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Social Ontology.Brian Epstein - 2018 - Stanford Encyclopedia of Philosophy.
Towards a Unified Science of Cultural Evolution.Alex Mesoudi, Andrew Whiten & Kevin N. Laland - 2006 - Behavioral and Brain Sciences 29 (4):329-347.
Philosophy of Economics.Daniel M. Hausman - 2008 - Stanford Encyclopedia of Philosophy.

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