Institutional Economics: Theory, Method, Policy: 31 (Recent Economic Thought, 31) - Hardcover

Hardcover

ISBN 10: 0792393465 ISBN 13: 9780792393467

Publisher: Springer, 1993

Synopsis

Marc R. Tool This book of especially solicited contributions is intended to appraise, re­ fine, and extend the institutionalists' evolutionary theory of political eco­ nomy in six different areas of inquiry. These areas are the institutionalist challenge to move beyond dissent, methodology of institutional econo­ mics, theory of instrumental value, institutionaUst theory of labor markets, institutionalist theory of economic development, and institutionalist policymaking. This collection appears at an especially opportune time. There is wide­ spread and accumulating analytical dissatisfaction with received economic doctrine (West and East) and its often abortive application to policy. The traditional neoclassical and Marxist views of how to order and operate a political economy are now heavily discounted, especially by those who must bear the brunt of flawed or ineffectual policies derived from these views. Appeals are increasingly made for more populist and pragmatic, less doctrinaire and dogmatic, approaches to problem solving. Instituti- aUsts are responding to this concern by contributing poUcy-relevant analysis.

About this title

Synopsis

The volume appraises, refines, and extends the institutionalist's evolutionary theory of political economy in six different areas of inquiry: the provision of a fresh and comparative overview of institutional economics in general; the presentation and refinement of pragmatic methods of inquiry; the exploration of extensions and clarifications of instrumental value theory; the distillation of an emergent institutionalist theory of labor markets; the explication of a culture-based theory of economic development; and the formulation of an analytical design that provides direction for institutional policy making."Institutional Economics: Theory, Method, Policy" appears at an especially opportune time, when there is widespread and accumulating analytical dissatisfaction with received economic doctrine. The traditional neoclassical and Marxist views of how to explain, order, and operate a political economy are now in question throughout the world. Appeals are being made for more relevant and pragmatic, less doctrinaire and dogmatic, approaches to economic inquiry and problem solving. This volume provides fresh theoretical underpinnings for such problem solving efforts.

Edition details

• Publisher: Springer
• Publication date: 1993
• Language: English
• ISBN 10: 0792393465
• ISBN 13: 9780792393467
• Binding: Hardcover
• Number of pages: 368
• Editor: Tool Marc R.