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Institutional Economics

An Introduction

Specificaties
Paperback, 306 blz. | Engels
Cambridge University Press | e druk, 2019
ISBN13: 9781108461085
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Juridisch :
Cambridge University Press e druk, 2019 9781108461085
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Samenvatting

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.

Specificaties

ISBN13:9781108461085
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:306

Inhoudsopgave

Preface; Introduction; 1. The basics; 2. Simple transactions; 3. Repeated and long-term transactions: on the choice of governance structures with given institutions; 4. Institutions and collective action; 5. The relevance of institutions for growth and development; 6. Explaining differences in external institutions across societies; 7. Explaining change in internal institutions; 8. On the need for normative theory; 9. Consequences for economic policy; 10. Outlook.

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        Institutional Economics