Institutions, Institutional Change and Economic Performance

Institutions, Institutional Change and Economic Performance PDF

Author: Douglass C. North

Publisher: Cambridge University Press

Published: 1990-10-26

Total Pages: 164

ISBN-13: 9780521397346

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An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

International Political Economy

International Political Economy PDF

Author: Thomas Oatley

Publisher: Pearson Longman

Published: 2004

Total Pages: 468

ISBN-13:

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This text uses theories developed from core assumptions to explain and interpret the creation and evolution of the postwar international economic system. Oatley provides undergraduates with the necessary background in history and economic theory and introduces students to the core elements of contemporary positive international political economy.

Great Transformations

Great Transformations PDF

Author: Mark Blyth

Publisher: Cambridge University Press

Published: 2002-09-16

Total Pages: 300

ISBN-13: 9780521010528

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This book picks up where Karl Polanyi's study of economic and political change left off. Building upon Polanyi's conception of the double movement, Blyth analyzes the two periods of deep seated institutional change that characterized the twentieth century: the 1930s and the 1970s. Blyth views both sets of changes as part of the same dynamic. In the 1930s labor reacted against the exigencies of the market and demanded state action to mitigate the market's effects by 'embedding liberalism.' In the 1970s, those who benefited least from such 'embedding' institutions, namely business, reacted against these constraints and sought to overturn that institutional order. Blyth demonstrates the critical role economic ideas played in making institutional change possible. Great Transformations rethinks the relationship between uncertainty, ideas, and interests, achieving profound new insights on how, and under what conditions, institutional change takes place.

The Political Economy of Trust

The Political Economy of Trust PDF

Author: Henry Farrell

Publisher: Cambridge University Press

Published: 2009-08-24

Total Pages: 257

ISBN-13: 113948107X

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Trust and cooperation are at the heart of the two most important approaches to comparative politics - rational choice and political culture. Yet we know little about trust's relationship to political institutions. This book sets out a rationalist theory of how institutions - and in particular informal institutions - can affect trust without reducing it to fully determine expectations. It then shows how this theory can be applied to comparative political economy, and in particular to explaining inter-firm cooperation in industrial districts, geographical areas of intense small firm collaboration. The book compares trust and cooperation in two prominent districts in the literature, one in Emilia Romagna, Italy, and the other in Baden-Württemberg, Germany. It also sets out and applies a theory of how national informal institutions may change as a result of changes in global markets, and shows how similar mechanisms may explain persistent distrust too among Sicilian Mafiosi.

Institutions and Economic Performance

Institutions and Economic Performance PDF

Author: Elhanan Helpman

Publisher: Harvard University Press

Published: 2009-07-01

Total Pages: 672

ISBN-13: 9780674038578

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Institutions and Economic Performance explores the question of why income per capita varies so greatly across countries. Even taking into account disparities in resources, including physical and human capital, large economic discrepancies remain across countries. Why are some societies but not others able to encourage investments in places, people, and productivity? The answer, the book argues, lies to a large extent in institutional differences across societies. Such institutions are wide-ranging and include formal constitutional arrangements, the role of economic and political elites, informal institutions that promote investment and knowledge transfer, and others. Two core themes run through the contributors’ essays. First, what constraints do institutions place on the power of the executive to prevent it from extorting the investments and effort of other people and institutions? Second, when are productive institutions self-enforcing? Institutions and Economic Performance is unique in its melding of economics, political science, history, and sociology to address its central question.

Institutions in Economics

Institutions in Economics PDF

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.

Institutions and the Economy

Institutions and the Economy PDF

Author: Francesco Duina

Publisher: John Wiley & Sons

Published: 2013-08-27

Total Pages: 276

ISBN-13: 0745637639

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Institutions are central to economic life. They have a major impact on consumer preferences, the actions and processes of firms, levels of wealth and poverty in countries, the growth of international trade, and much more. Indeed, none of the preconditions for economic activity - such as the existence of buyers and sellers, recognizable goods and services, and the information we need to make choices - would be in place without institutions. Institutions, then, do more than support economic life: they enable and shape it. These insights challenge some of the most basic postulates on modern economic theory and are at the heart of many of the most exciting works in economic sociology. This book examines the role of institutions - defined as the formal and informal rules and practices that surround us as we go about our daily lives - in the economy. Illuminating complex ideas with carefully selected, vivid examples, the investigation focuses on economic activity as it unfolds at the individual, organizational, national, and international levels. This accessible and engaging book will be essential reading for students of economic sociology, and all those interested in the intimate relationship between institutions and the economy.

The Economic Intstitutions of Capitalism

The Economic Intstitutions of Capitalism PDF

Author: Oliver E. Williamson

Publisher: Simon and Schuster

Published: 1985

Total Pages: 473

ISBN-13: 068486374X

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This long-awaited sequel to the modem classic "Markets and Hierarchies" develops and extends Williamson's innovative use of transaction cost economics as an approach to studying economic organization by applying it to work and labor as well as the corporation itself. In addition, Williamson explores its growing implications for public policy, including its potential influence on antitrust and merger guidelines, labor policy, and SEC and public utility regulations.