The Foundations Of Institutional Economics

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The Foundations Of Institutional Economics

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Author : K. William Kapp
language : en
Publisher: Routledge
Release Date : 2012-05-23

The Foundations Of Institutional Economics written by K. William Kapp and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-23 with Business & Economics categories.

This is a ground-breaking book about the foundations of institutional economics. K. William Kapp presents the economic role of institutions for economic development, capital formation and technological dynamics in an easily accessible and comprehensive manner. As a front-rank 20th century institutional economist, Kapp pulls together arguments from a variety of sources, including Thorstein Veblen, John Kenneth Galbraith and Gunnar Myrdal, all of which emphasize the crucial role of institutions. The author cements institutional economics as a distinct and coherent framework of analysis to effectively address urgent socio-economic problems, such as environmental disruption and sustainable development. This book begins with a critique of conventional (neoclassical) economics and an overview of the antecedents of institutional economics. The core of the book is formed by the chapters on institutions, human economic behavior and needs, arguing that institutional change is key to directing economic development towards sustainable and adequate living conditions, rather than merely formal growth formulas. The final chapters provide the reader with the institutional theories of capital and technology, showing how capital formation and technological dynamics are determined by institutions, such as the principle of investment for profit. The appendix complements Kapp’s plea for institutional change with articles on science and technology, social costs, substantive economics, and circular and cumulative causation. This book is suited for readers at all levels who are interested in institutional economics, the history of economics thought, political economics as well as ecological and heterodox economics. Researchers and students will find it to be an easily accessible and a concise elaboration on the foundations of institutional economics.

Institutional Foundations Of Public Finance

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Author : Alan J. Auerbach
language : en
Publisher: Harvard University Press
Release Date : 2008

Institutional Foundations Of Public Finance written by Alan J. Auerbach and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.

Auerbach integrates economic and legal perspectives on taxation and fiscal policy, offering a provocative assessment of the most important issues in public finance today.

Market Augmenting Government

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Author : Omar Azfar
language : en
Publisher: University of Michigan Press
Release Date : 2003

Market Augmenting Government written by Omar Azfar and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.

Shows how governments and markets are complementary rather than opposing forces

Advanced Introduction To New Institutional Economics

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Author : Ménard, Claude
language : en
Publisher: Edward Elgar Publishing
Release Date : 2022-01-14

Advanced Introduction To New Institutional Economics written by Ménard, Claude and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-14 with Business & Economics categories.

New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?

Institutional Economics

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Author : Wolfgang Kasper
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01

Institutional Economics written by Wolfgang Kasper and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.

This thoroughly revised, extended and updated edition of a critically acclaimed textbook provides an accessible and cohesive introduction to the burgeoning discipline of institutional economics. Requiring only a basic understanding of economics, this lucid and well-written text will be essential reading for undergraduate and postgraduate students wanting to understand the problems of the real world Ð such as entrepreneurship, innovation, the cost of the welfare state, international financial crises, and economic development. As institutional economics is now revolutionising policy making, the book can also serve as a guide to the pressing problems facing policy makers in mature and emergent countries alike. Key features include: ¥ A short ÔPrimerÕ at the beginning of each chapter to highlight the main issues and their relevance. ¥ Key Concepts such as ÔinstitutionsÕ, Ôeconomic orderÕ, Ôcoordination costsÕ, ÔcompetitionÕ and Ôpublic policyÕ are highlighted and clearly defined. ¥ International coverage is ensured as the three authors, experienced academic teachers, work in the US, Europe and the Asia Pacific.

The Institutional Foundations Of Public Policy In Argentina

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Author : Pablo T. Spiller
language : en
Publisher: Cambridge University Press
Release Date : 2009-07-31

The Institutional Foundations Of Public Policy In Argentina written by Pablo T. Spiller and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-31 with Political Science categories.

The authors have two purposes in this book, and they succeed admirably at both. They develop a general model of public policy making focused on the difficulties of securing intertemporal exchanges among politicians. They combine the tools of game theory with Williamson's transaction cost theory, North's institutional arguments, and contract theory to provide a general theory of public policy making in a comparative political economy setting. They also undertake a detailed study of Argentina, using statistical analyses on newly developed data to complement their nuanced account of institutions, rules, incentives and outcomes. Mariano Tommasi (Ph.D. in Economics, University of Chicago, 1991) is Professor of Economics at Universidad de San Andres in Argentina. He is past President (2004-2005) of the Latin American and Caribbean Economic Association. He has published articles in journals such as American Economic Review; American Journal of Political Science; American Political Science Review; Journal of Development Economic; Journal of Monetary Economics; International Economic Review; Economics and Politics; Journal of Law, Economics and Organization; Journal of Public Economic Theory; Journal of International Economics; and the Journal of Institutional and Theoretical Economics. He has held visiting positions in Economics, Business, and Political Science at Yale, Harvard, UCLA, Tel Aviv, and various Latin American universities. He has received various fellowships and awards, including a Guggenheim Fellowship in 2006. He has been an advisor to several Latin American governments and to international organizations such as the World Bank and the Inter-American Development Bank.

The Foundations Of Evolutionary Institutional Economics

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Author : Manuel Scholz-Wackerle
language : en
Publisher: Routledge
Release Date : 2013-08-15

The Foundations Of Evolutionary Institutional Economics written by Manuel Scholz-Wackerle and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-15 with Business & Economics categories.

Generic institutionalism offers a new perspective on institutional economic change within an evolutionary framework. The institutional landscape shapes the social fabric and economic organization in manifold ways. The book elaborates on the ubiquity of such institutional forms with regards to their emergence, durability and exit in social agency-structure relations. Thereby institutions are considered as social learning environments changing the knowledge base of the economy along generic rule-sets in non-nomological ways from within. Specific attention is given to a theoretical structuring of the topic in ontology, heuristics and methodology. Part I introduces a generic naturalistic ontology by comparing prevalent ontological claims in evolutionary economics and preparing them for a broader pluralist and interdisciplinary discourse. Part II reconsiders these ontological claims and confronts it with prevalent heuristics, conceptualizations and projections of institutional change. In this respect the book revisits the institutional economic thought of Thorstein Veblen, Friedrich August von Hayek, Joseph Alois Schumpeter and Pierre Bourdieu. A synthesis is suggested in an application of the generic rule-based approach. Part III discusses the implementation of rule-based bottom-up models of institutional change and provides a basic prototype agent-based computational simulation. The evolution of power relations plays an important role in the programming of real-life communication networks. This notion characterizes the discussed policy realms (Part IV) of ecological and financial sustainability as tremendously complex areas of institutional change in political economy, leading to the concluding topic of democracy in practice. The novelty of this approach is given by its modular theoretical structure. It turns out that institutional change is carried substantially by affective social orders in contrast to rational orders as communicated in orthodox economic realms. The characteristics of affective orders are derived theoretically from intersections between ontology and heuristics, where interdependencies between instinct, cognition, rationality, reason, social practice, habit, routine or disposition are essential for the embodiment of knowledge. This kind of research indicates new generic directions to study social learning in particular and institutional evolution in general.

New Institutional Economics

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Author : Éric Brousseau
language : en
Publisher: Cambridge University Press
Release Date : 2008-09-04

New Institutional Economics written by Éric Brousseau and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-09-04 with Business & Economics categories.

Institutions frame behaviors and exchanges in markets, business networks, communities, and organizations throughout the world. Thanks to the pioneering work of Ronald Coase, Douglas North and Olivier Williamson, institutions are now recognized as being a key factor in explaining differences in performance between industries, nations, and regions. The fast-growing field of new institutional economics analyzes the economics of institutions and organizations using methodologies, concepts, and analytical tools from a wide range of disciplines (including political science, anthropology, sociology, management, law, and economics). With contributions from an international team of researchers, New Institutional Economics provides theoreticians, practitioners, and advanced students in economics and social sciences with a guide to the many recent developments in the field. It explains the underlying methodologies, identifies issues and questions for future research, and shows how results apply to decision making in law, economic policy, management, regulation and institutional design.

Institutional Economics

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Author : John Groenewegen
language : en
Publisher: Red Globe Press
Release Date : 2010-01-20

Institutional Economics written by John Groenewegen and has been published by Red Globe Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-20 with Business & Economics categories.

Institutional economics is an increasingly important area in the field which also verges into political science and sociology. This concise and lucid textbook, which assumes a basic understanding of neoclassical economics, introduces the key ideas, emphasizing the "new" institutional economics but grounding readers in the traditional perspectives.

Institutions And Economic Theory

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Author : Eirik G. Furubotn
language : en
Publisher: University of Michigan Press
Release Date : 2005-10-21

Institutions And Economic Theory written by Eirik G. Furubotn and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-21 with Business & Economics categories.

This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.