The Microeconomics of Transformation and Growth (European Association for Comparative Economic Studies series)
Language: English
Published by Edward Elgar Publishing, 1998
- Hardcover
- New
Seller: DeckleEdge LLC, Albuquerque, NM, U.S.A.DeckleEdge LLC
AbeBooks seller since September 28, 2023
Seller Inventory # Shelfdream185898954X
- Title
- The Microeconomics of Transformation and Growth (European Association for Comparative Economic Studies series)
- Publisher
- Edward Elgar Publishing
- Publication year
- 1998
- Condition
- new
- Binding
- hardcover
- Language
- English
- ISBN 10
- 185898954X
- ISBN 13
- 9781858989549
The analysis of transformation cannot be fully conducted on a macroeconomic level alone. Successful progress needs a change of individual behaviour and so microeconomic analyses are required. The authors illustrate this argument with the use of case studies from firms and industries throughout Eastern Europe. They demonstrate that modern microeconomics goes far beyond the neoclassical approach in analysing the transformation process. They adopt realistic assumptions and insights from institutional and evolutionary economics to explain the need for and the rise of new institutions during the period of transformation. In conclusion, they argue that the new state has to play a strong role in shaping and generating the institutions necessary to help overcome the transformation crisis.
The Microeconomics of Transformation and Growth will prove invaluable to students and scholars of transition studies, institutional economics and evolutionary economics.
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