Download or read book On Custom in the Economy written by Ekkehart Schlicht and published by Oxford University Press. This book was released on 1998-03-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on philosophy and psychology, Schlicht seeks to reintroduce the notion of custom in economics. In the process, he provides a link between market processes, which are often analyzed, and customary elements, which have been neglected by economists or at best seen as routines that have been adopted because they were competitively successful.