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Economics As A Process

Author: Richard Langlois
Publisher: CUP Archive
ISBN: 9780521378598
Size: 79.25 MB
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The essays in Economics as a Process are all concerned with exploring theoretical approaches alternative to the conventional or 'neoclassical' paradigm. Among the schools of thought represented are transaction-cost economics: evolutionary theories: modern 'Austrian' economies: law and economics: reliability theory: and the game-theory approach to the economics of social institutions. The essays are united not by a single topic but by a coherent set of themes - themes best described under the heading of the New Institutional Economics. These include an interest in economic processes as well as in states of equilibrium: a sensitivity to the limits and contours of human rationality: and an emphasis on the various sorts of social institutions that aid and inform economic action. But the essays are not solely methodological or critical. They also include substantive essays that illustrate the New Institutional Economics in practice.

Essays On New Institutional Economics

Author: Rudolf Richter
Publisher: Springer
ISBN: 3319141546
Size: 65.36 MB
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This collection of essays comprises some of Rudolf Richter’s important contributions to research on New Institutional Economics (NIE). It deals with the central idea, principles, and methodology of New Institutional Economics and explores its relation to sociology and law. Other chapters examine applications of NIE to various microeconomic and macroeconomic issues in the face of uncertainty, from entrepreneurship to the euro crisis.

Beyond Dissent

Author: Philip A. Klein
Publisher: M.E. Sharpe
ISBN: 9781563243219
Size: 31.83 MB
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This text provides an ethnography of a Chinese middle school based on fieldwork conducted in 1988 to 1989. It provides a way of looking at classroom and societal interactions in terms of the interplay among criticism, face and shame.

Handbook Of New Institutional Economics

Author: Claude Ménard
Publisher: Springer Science & Business Media
ISBN: 354069305X
Size: 66.37 MB
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New Institutional Economics (NIE) has skyrocketed in scope and influence over the last three decades. This first Handbook of NIE provides a unique and timely overview of recent developments and broad orientations. Contributions analyse the domain and perspectives of NIE; sections on legal institutions, political institutions, transaction cost economics, governance, contracting, institutional change, and more capture NIE's interdisciplinary nature. This Handbook will be of interest to economists, political scientists, legal scholars, management specialists, sociologists, and others wishing to learn more about this important subject and gain insight into progress made by institutionalists from other disciplines. This compendium of analyses by some of the foremost NIE specialists, including Ronald Coase, Douglass North, Elinor Ostrom, and Oliver Williamson, gives students and new researchers an introduction to the topic and offers established scholars a reference book for their research.

Gewalt Und Gesellschaftsordnungen

Author: Douglass Cecil North
Publisher: Mohr Siebeck
ISBN: 9783161505904
Size: 21.59 MB
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English summary: This book integrates the problem of violence in societies in a larger historical and social science context, showing how economic and political behaviour are closely linked. Most societies limit violence by political manipulation of the economy to create privileged interests. Privileges limit the use of violence by powerful individuals, but hinder both economic and political development of such natural states . In contrast, modern societies are characterized by open access to economic and political organizations, thereby fostering political and economic competition (democracy and markets) and general development. Douglass C. North, John Joseph Wallis, and Barry R. Weingast provide a framework for understanding the two types of orders and show in which ways a number of countries have achieved the transition between them. German description: Alle Gesellschaften mussen sich mit der Moglichkeit wie der Realitat von Gewalt auseinandersetzen; sie tun das auf unterschiedliche Art. Douglass C. North, John Joseph Wallis und Barry R. Weingast stellen das Problem der Gewalt in einen grosseren sozialwissenschaftlichen und historischen Zusammenhang und zeigen, wie eng wirtschaftliches und politisches Verhalten verbunden sind. Die meisten aus der Geschichte bekannten Gesellschaften, von den Autoren als naturliche Staaten bezeichnet, begrenzen Gewaltanwendung vorbeugend, indem sie durch politische Einflussnahme auf die Wirtschaftstatigkeit privilegierte Interessen schaffen. Diese Privilegien reduzieren den Einsatz von Gewalt von Seiten machtiger Einzelner; es wird auf diese Weise jedoch die wirtschaftliche ebenso wie die politische Entwicklung solcher Staaten behindert. Denn fur die grosse Mehrheit der Nicht-Privilegierten ist der Zugang zu Politik und Wirtschaft dadurch beschrankt.Im Unterschied hierzu schaffen moderne Gesellschaften Zugangsfreiheit zu wirtschaftlichen und politischen Organisationen (Unternehmen, Markten, Parlamenten, hoheitlichen Einrichtungen) und fordern damit den politischen wie den wirtschaftlichen Wettbewerb und somit die gesellschaftliche Entwicklung. Das Buch bietet ein gedankliches Gerust zum Verstandnis der zwei Typen von Gesellschaftsordnungen, die es an historischen Beispielen von der romischen Antike bis ins 19. Jahrhundert veranschaulicht. Anhand dieses Konzepts wird erklart, wieso Gesellschaften mit Zugangsfreiheit sowohl politisch wie wirtschaftlich hoher entwickelt sind und auf welche Weise seit dem 19. Jahrhundert rund 25 Lander den Ubergang vom einen Typus zum anderen geschafft haben.

Coasean Economics Law And Economics And The New Institutional Economics

Author: Steven G. Medema
Publisher: Springer Science & Business Media
ISBN: 9401153507
Size: 55.39 MB
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Upon hearing that Ronald Coase had been awarded the Nobel Prize, a fellow economist's first response was to ask with whom Coase had shared the Prize. Whether this response was idiosyncratic or not, I do not know; I expect not. Part of this type of reaction can no doubt be explained by the fact that Coase has often been characterized as an economist who wrote only two significant or influential papers: "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). And by typical professional standards of "significant" and "influential" (i. e. , widely read and cited), this perception embodies a great deal of truth, even subsequent to Coase's receipt of the Prize. This is not to say that there have not been other important works - "The Marginal Cost Controversy" (1946) and "The Lighthouse in Economics" (1974) come immediately to mind here - only that in a random sample of, say, one hundred economists, one would likely find few who could list a Coase bibliography beyond the two classic pieces noted above, in spite of Coase's significant publication record. ' The purpose of this collection is to assess the development of, tensions within, and prospects for Coasean Economics - those aspects of economic analysis that have evolved out of Coase's path-breaking work. Two major strands of research can be identified here: law and economics and the New Institutional Economics.

The Frontiers Of The New Institutional Economics

Author: John N. Drobak
Publisher: Emerald Group Pub Limited
ISBN: 9780122222405
Size: 52.84 MB
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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

Institutional Change In Southeast Asia

Author: Fredrik Sjöholm
Publisher: Routledge
ISBN: 1134303130
Size: 27.92 MB
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This book examines the institutional changes taking place in, and challenges facing, the region since 1997. It also describes various differences in the reform process between countries in the region. Sjöholm and Tongzon argue that the economies of southeast Asia need to reform their institutions if the previous rapid development is to continue. The institutional weaknesses have been addressed to different degrees and with different success in the affected countries. Against the backdrop of southeast Asia's importance in the world economy, it is hardly possible to overestimate the need to understand this process of change.