Knowledge, Social Institutions and the Division of Labour

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Editorial Reviews

Gives rise to a new and richer institutional analysis of the economy centered around the analysis of language, the division of labor, and social knowledge. Part I discusses the issue of the development of science as an aspect of the division of labor, starting from methodological problems on the communication of scientific knowledge. Part II explores issues of the moral bases of social interaction, and more particularly, of commercial society. Part III offers an in-depth analysis of questions on the division of labor, social institutions, and the diffusion of knowledge in society. Porta teaches economics at the University of Milano-Biocca, Italy. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9781840643350
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 3/1/2001
  • Pages: 384

Table of Contents

List of Figures and Tables
List of Contributors
Coordination, Connecting Principles and Social Knowledge: An Introductory Essay 1
Pt. 1 Rationality, Communication and Connecting Principles
1 Adam Smith, the Philosopher and the Porter 35
2 Vision and Analysis in the History of Economic Thought 53
3 Interpretation and Representation in the Discourse of Economics 65
4 Hume: A Reassessment 75
Pt. 2 Social Interaction and Moral Sentiments
5 Adam Smith's Two Views of the Market 95
6 The Moral Micro-Foundations of Adam Smith's Concept of Industry 111
7 Division of Labour, Wealth and Behaviour in Adam Smith 137
8 From the 'Standards of Behaviour' to the 'Theory of Social Situations': A Contribution of Game Theory to the Understanding of Institutions 153
9 Oskar Morgenstern and the Origin of the Game-Theoretic Approach to Institutional Economics 169
Pt. 3 Division of Labour, Patterns of Interdependence and Social Institutions
10 Comparing Two Urban Industrial Districts: Bologna and Lyon in the Early Modern Period 199
11 Individuals, Public Institutions and Knowledge: Hayek and Keynes 229
12 Notes on Institutions, Political Economy and Economics 249
13 The Formation and Development of Commercial Society in the Economics of James Steuart 265
14 Division of Labour and Money: Some Comments on Steuart, Smith and Their Legacy 285
15 The Asymmetrical Relation Between Personal Incentives and the Division of Labour in Smith's Stadial Perspective 301
16 The Division of Land and the Division of Labour, Analogies and Differences Between Ancient and Modern Times in Adam Smith's Thought 331
Name Index 351
Subject Index 359
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