Institutional Economics and the Formation of Preferences: The Advent of Pop Music (New Horizons in Institutional and Evolutionary Economics series)
Language: English
Published by Edward Elgar Publishing, 2004
- Hardcover
- Used

Seller: Phatpocket Limited, Waltham Abbey, HERTS, United KingdomPhatpocket Limited
AbeBooks seller since April 28, 2005
Condition: Used - Good
£ 28.80
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- Title
- Institutional Economics and the Formation of Preferences: The Advent of Pop Music (New Horizons in Institutional and Evolutionary Economics series)
- Author
- Dolfsma, Wilfred
- Publisher
- Edward Elgar Publishing
- Publication year
- 2004
- Condition
- Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1843762331
- ISBN 13
- 9781843762331
The author demonstrates how preferences for specific goods, and symbolic goods in particular, are mediated through the institutional settings that both individuals and groups find themselves in. He develops a Social Value Nexus, which indicates how institutions relate to the socio-cultural values of a society. He goes on to argue that tensions at the institutional or socio-cultural level will alter the institutional setting and therefore affect preferences. The sudden and radical change in consumption patterns for music in the late 1950s and early 1960s provides convincing evidence of the author's claim. By focusing on an event with great societal significance and using unique empirical material, he skilfully elucidates the theoretical arguments made in the book.
This study offers both a novel explanation of the formation of preferences and a significant elaboration of the economic theory of institutional change. It will engage and enlighten scholars and students of the social sciences, especially those with an interest in consumption, institutional economics, cultural studies and sociology.
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Phatpocket Limited
Waltham Abbey, HERTS, United Kingdom
AbeBooks seller since April 28, 2005
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