Items related to Institutional Economics: An Introduction
Synopsis
Why is it that some countries become rich while others remain poor? Do markets require regulation to function efficiently? If markets offer an efficient way of exchanging goods, why do individuals even create firms? How are economic transactions organized in the absence of a state that could enforce contracts and guarantee property rights? Institutional economics has allowed social scientists to answer many fundamental questions about the organization and functioning of societies. This introduction to institutional economics is concise, yet easy to understand. It not only caters to students of economics but to anybody interested in this topical research area and its specific subfields. Both formal and informal institutions (such as customs, habits, and traditions) are discussed with respect to their causes and consequences, highlighting the important part they play for economic growth and development.
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Review
'This book covers both contemporary and historical thinking on topics which are at the core of our understanding of how markets and governments work. Although grounded in economics research and thinking, it is written in a way that makes it accessible to a wide range of disciplinary backgrounds.' Timothy Besley, W. Arthur Lewis Professor of Development Economics, London School of Economics
'The literature on institutional economics is vast. This book isn't just the place to start, it will take you all the way to the research frontier. An authoritative survey.' James A. Robinson, University of Chicago
Book Description
A concise and clear introduction to the new institutional economics that summarizes and explains current knowledge whilst addressing its gaps and weaknesses. For undergraduate and postgraduate students taking their first course on institutional economics, or anyone interested in the subject and its specific subfields.
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- PublisherCambridge University Press
- Publication date2019
- ISBN 10 1108461085
- ISBN 13 9781108461085
- BindingPaperback
- LanguageEnglish
- Number of pages306
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