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A much-needed exploration of the New Institutional Economics, or NIE, including a critical assessment of its central theoretical contributions since the field's early beginnings in the 1960s, is this book's objective. It traces the development of major ideas about the genesis and significance of institutions as these ideas have been presented in the NIE.
Given the fundamental understanding underlying work in this new area of research - that transactions involve the use of real resources and have costs - the book views the NIE as an amalgam of transaction-cost economics, property-rights analysis, and contract theory. Efforts are made to explain how the various theoretical strands discussed in the NIE literature fit into the general fabric of modern institutionalism, and how the new concepts put forward can be applied to institutional analysis.
This book will be essential reading for economists attracted to the NIE approach. In addition, scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance.
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Previews available in: English
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1
Institutions and economic theory: the contribution of the new institutional economics
2005, University of Michigan Press
in English
- 2nd ed.
0472030256 9780472030255
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2
Institutions and Economic Theory: The Contribution of the New Institutional Economics (Economics, Cognition, and Society)
March 1, 1998, University of Michigan Press
Hardcover
in English
0472108174 9780472108176
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3
Institutions and economic theory: the contribution of the new institutional economics
1997, University of Michigan Press
in English
0472108174 9780472108176
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Includes bibliographical references (p. 483-524) and indexes.
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