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On Custom in the Economy$
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Ekkehart Schlicht

Print publication date: 1998

Print ISBN-13: 9780198292241

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198292244.001.0001

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The Texture of Custom

The Texture of Custom

(p.269) Chapter 15 The Texture of Custom
On Custom in the Economy

Ekkehart Schlicht

Oxford University Press

Reviews the thesis outlined in the book. Concept formation and learning are tied up with clarity requirements. Clarification shapes preferences and underlies the behavioural, motivational, and cognitive tendencies that give rise to property, the law, and the firm as a social institution and account for the way in which the division of labour is organized in society. There is a pervasive mutual interdependency between many features of society that is brought by the tendency towards clarity that underlies the formation and motivational force of custom.

Keywords:   clarity, custom, division of labour, firm, law, learning, ownership, property, rule preference

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