Economic Analysis of Social Interactions

43 Pages Posted: 5 May 2000 Last revised: 17 Oct 2010

See all articles by Charles F. Manski

Charles F. Manski

Northwestern University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: March 2000

Abstract

Economists have long been ambivalent about whether the discipline should focus on the analysis of markets or should be concerned with social interactions more generally. Recently the discipline has sought to broaden its scope while maintaining the rigor of modern economic analysis. Major theoretical developments in game theory, the economics of the family, and endogenous growth theory have taken place. Economists have also performed new empirical research on social interactions, but the empirical literature does not show progress comparable to that achieved in economic theory. This paper examines why and discusses how economists might make sustained contributions to the empirical analysis of social interactions.

Suggested Citation

Manski, Charles F., Economic Analysis of Social Interactions (March 2000). NBER Working Paper No. w7580, Available at SSRN: https://ssrn.com/abstract=219392

Charles F. Manski (Contact Author)

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