NDLI: Reciprocity and Social Order: What Do Experiments Tell us About the Failure of Economic Growth?

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Reciprocity and Social Order: What Do Experiments Tell us About the Failure of Economic Growth?

Content Provider	Semantic Scholar
Author	McCabe, Kevin
Copyright Year	2005
Abstract	This paper makes three observations for policy-makers, interested in promoting economic growth, based on the experimental work done at the Interdisciplinary Center for Economic Science. First, safeguards must be put into place to protect impersonal exchange from our innate desire for personal exchange. Second, policy must take into account the heterogeneity of individual cognitive strategies that are observed in economics laboratories. Third, policy must be test-bedded in economic experiments where the status quo is modeled as an ecologically rational response to the economic environment and the proposed policy change occurs in an environment where individuals have access to a full repertoire of personal exchange behaviors.
Starting Page	241
Ending Page	280
Page Count	40
File Format	PDF HTM / HTML
DOI	10.1007/s11138-005-3111-2
Volume Number	18
Alternate Webpage(s)	http://www.gmu.edu/depts/rae/archives/VOL18_3-4_2005/2-McCabe.pdf
Alternate Webpage(s)	https://www.mercatus.org/system/files/Comments_on_Kevin_McCabes_Reciprocity_and_Social_Order_-_What_do_Experiments_Tell_Us_About_Economic_Growth.pdf
Alternate Webpage(s)	https://pdf.usaid.gov/pdf_docs/PNACX401.pdf
Alternate Webpage(s)	https://doi.org/10.1007/s11138-005-3111-2
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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