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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
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
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
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
1. The Chaebol problem and the economic policy dilemma -- 2. Industrial policies and the growth of the Chaebol -- 3. Critical review of the traditional perception of the Chaebol problem -- 4. A new interpretation of the Chaebol problem and evaluation of Chaebol policy -- 5. The role of...
Persistent link: https://www.econbiz.de/10012419977
, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting …
Persistent link: https://www.econbiz.de/10012420017