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Comparative Approaches to Old and New Institutional Economics

Author: Akansel, Ilkben

Publisher: IGI Global

Published: 2019-10-18

Total Pages: 339

ISBN-13: 179980335X

As today’s world develops and evolves, so does its economics. New economic approaches have begun to emerge, but traditional methods are still being implemented. As both systems provide different solutions to society’s economic issues, thoughtful research and analysis is required regarding the tactics and strategies that both theories utilize. Comparative Approaches to Old and New Institutional Economics is an essential reference source that discusses the sequential history of these two economic theories as well as their application to global fiscal disputes. Featuring research on topics such as international relations, business management, and institutionalism, this book is ideally designed for economists, analysts, managers, researchers, practitioners, academicians, and students seeking coverage on the parallel methods of these economic philosophies.

Institutions and Economic Theory

Author: Eirik Grundtvig Furubotn

Publisher: University of Michigan Press

Published: 2000

Total Pages: 576

ISBN-13: 9780472086801

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A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.

Institutions in Economics

Author: Malcolm Rutherford

Publisher: Cambridge University Press

Published: 1996-07-13

Total Pages: 244

ISBN-13: 9780521574471

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This book examines and compares the 'old' institutionalism of Veblen, Mitchell, Commons, and Ayres, with the 'new' institutionalism developed from neoclassical and Austrian sources.

Institutional Economics

Author: Charles J. Whalen

Publisher: Routledge

Published: 2021-10-28

Total Pages: 316

ISBN-13: 1000462994

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Institutional economics is a sociocultural discipline and policy science which draws on the idea that economies are best understood through an appreciation of history, real-world institutions, and socioeconomic interrelations. This book brings together leading institutionalists to examine the tradition’s most essential perspectives and methods. The contributors to the book draw on a broad range of institutional thought from the classic work of Thorstein Veblen, John R. Commons, and Karl Polanyi, to the newer viewpoints of post-Keynesian institutionalism, feminist institutionalism, and environmental institutionalism. Methods range from frameworks used to analyze public policy and institutional change, to modes of analysis including myth busting, historically grounded narratives, and computer-based simulations. Each chapter surveys the origins, development, key features, applications, and frontiers of a particular viewpoint, framework, or mode of analysis. Due consideration is given to both strengths and weaknesses; and woven into the chapters is attention to core institutionalist concepts, including technology, institutions, culture, and complexity. The book provides economists with promising starting points for new research, students with contributions refreshingly in touch with the real world, and policymakers and social scientists with compelling reasons for engaging further with the institutionalist tradition.

Advanced Introduction to New Institutional Economics

Author: Ménard, Claude

Publisher: Edward Elgar Publishing

Published: 2022-01-14

Total Pages: 200

ISBN-13: 1789904498

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New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?

Institutional Economics: Theory, Method, Policy

Author: Marc R. Tool

Publisher: Springer Science & Business Media

Published: 2007-07-27

Total Pages: 364

ISBN-13: 0585296049

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The volume appraises, refines, and extends the institutionalist's evolutionary theory of political economy in six different areas of inquiry: (a) the provision of a fresh and comparative overview of institutional economics in general; (b) the presentation and refinement of pragmatic methods of inquiry; (c) the exploration of extensions and clarifications of instrumental value theory; (d) the distillation of an emergent institutionalist theory of labor markets; (e) the explication of a culture-based theory of economic development; and (f) 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.

The Frontiers of the New Institutional Economics

Author: John N. Drobak

Publisher: Emerald Group Pub Limited

Published: 1997

Total Pages: 374

ISBN-13: 9780122222405

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The New Institutional Economics incorporates a theory of institutions into economics. It builds upon the fundamental assumptions of scarcity and competition but abandons institutional rationality. Consequently, NIE assumes that individuals make choices based on incomplete information and limited mental capacity, forming institutions to reduce uncertainty in human exchange. These insights have implications for technological change, property rights, and public choice. The Frontiers of the New Institutional Economics presents new essays written specifically for this volume. These essays Provide an introduction to the nature and practice of the New Institutional Economics, with a special emphasis on economic history and political economy. Among the contributors are Nobel Prize winners Douglass North and Robert Fogel. Key Features * Contains essays by Nobel Prize winners Douglass North and Robert Fogel * Presents a field of economics useful to students of political science and sociology. * Applicable to studies of technological change, property rights, and public choice

Recent Developments in Institutional Economics

Author: Geoffrey Martin Hodgson

Publisher: Edward Elgar Publishing

Published: 2003

Total Pages: 644

ISBN-13:

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In bringing together some of the most significant previously published papes by leading scholars inthe field, this collection explores the major changes in the 'new' and 'old' institutional economics, the developments of new approaches and the extension of applications to new areas which have taken place since the early 1990s.

The New Institutional Economics and Third World Development

Author: John Harriss

Publisher: Psychology Press

Published: 1995

Total Pages: 382

ISBN-13: 9780415118231

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A major contribution to an area of debate still in its formative phase. It offers new perspectives on both the micro-foundations of economics and the long run dynamics of economic development.

Institutions and Economic Theory

Author: Eirik G. Furubotn

Publisher: University of Michigan Press

Published: 2010-10-22

Total Pages: 150

ISBN-13: 047202714X

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This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.