Social order as a contract between the powerful and the weak

TERRA ECONOMICUS, , Vol. 13 (no. 1),
p. 43-60

The paper examines the relationship between the force distribution and social system with the use of the economics of history and the historical sociology. A trade-off between the allocative and distributive effects of the social choice is discussed. In particular, the force distribution is discussed as a factor which determines whether an institution is acceptable by its distributive consequences. In the context of relations between the powerful and the weak, and with the use of historical precedents, interactions are examined between the urban and rural communities, unequal distribution of progress related benefits and crisis related risks, as well as the link between the up-to-date and archaic modes of organization and exchange.

Keywords: economics of history; historical sociology; just price; capitalism; allocative and distributive effects

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606