Published online by Cambridge University Press: 18 December 2009
This paper examines adherence to social customs. Models of social customs are found to be inherently multi-equilibrial. It is found that social customs which are disadvantageous to the individual may nevertheless persist without erosion, if individuals are sanctioned by loss of reputation for disobedience of the custom. One example of such a social custom is the persistence of a fair (rather than a market-clearing) wage. In this fashion, involuntary unemployment is explained.
Introduction
There are many social customs whose disobedience under the right circumstances is of pecuniary advantage to the person who disobeys. Furthermore, if the sin of not following a social custom is considered less serious if disobedience is more common, in all likelihood the values responsible for the observance of a social custom are less likely to be passed on from one generation to the next the greater is the disobedience. It might be expected, in consequence, that even in a state of the world in which the beliefs underlying a social custom are universally accepted, some persons with unusual tastes will be attracted by the pecuniary gain from breaking it; this breaking of the social custom will, at least to some extent, undermine the beliefs responsible for its observance; and this undermining of belief will in turn provoke more disobedience, etc. – in such a sequence of increasing disobedience and erosion of belief that in the long run the social custom disappears.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.