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Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a...
Persistent link: https://www.econbiz.de/10011850972
Persistent link: https://www.econbiz.de/10011851701
This outstanding book presents new original contributions from some of the world's leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme...
Persistent link: https://www.econbiz.de/10011852023
and an ardent defender of academic freedom and of democratic practices. Institutionalist Theory and Applications is the … interdependence of theory and policy and applies institutional theory to several problem areas of governance and performance. This … economics, political economy, history of economic theory, methodology, social economics, social policy and social value theory …
Persistent link: https://www.econbiz.de/10014473986
The rise of the institutionalist and evolutionary approaches in economics has posed a serious intellectual challenge to the dominant neo-classical paradigm. This book draws together leading scholars in the fields of institutional and evolutionary economics who apply cutting-edge research to one...
Persistent link: https://www.econbiz.de/10014473878
This ambitious book presents a conceptual framework for an institutional approach to economic change and economic transformation. It sheds important light on two basic concepts: social complexity and interactive governance. The first part of the book develops the theoretical foundations for...
Persistent link: https://www.econbiz.de/10014473919
This book presents a concept of interactive economic institutions and systems, considered by the author to be a bottleneck to scientific progress. In the author's evaluation of contemporary institutional economics, the focus is on the interaction of complex economic structures in terms of their...
Persistent link: https://www.econbiz.de/10014474159
assigned to them? Patrick Raines and Charles Leathers present an integrated, coherent theory to explain the behavior of …
Persistent link: https://www.econbiz.de/10014474161
The essays contained herein span over a decade and reflect David Prychitko's thinking about the role of the market system, and its relation to planning and democratic processes. The collection consists of previously published and unpublished articles written not only for economists but also for...
Persistent link: https://www.econbiz.de/10012420104
Agricultural Policy Reform and the WTO provides insights into the effects of the Uruguay Round WTO agreement on agricultural policy and global markets, and considers what is at stake in the Doha Development Agenda Round. The contributors to the book deal with a broad range of topics, including...
Persistent link: https://www.econbiz.de/10014474033