Economic Behavior and Institutions: Principles of Neoinstitutional Economics / Edition 1

Economic Behavior and Institutions: Principles of Neoinstitutional Economics / Edition 1

5.0 1
by Thrainn Eggertsson, Rainn
     
 

ISBN-10: 0521348919

ISBN-13: 9780521348911

Pub. Date: 06/28/1990

Publisher: Cambridge University Press

An important new research program has developed in economics that extends neoclassical economic theory in order to examine the effects of institutions on economic behavior. The body of work emerging from this new line of inquiry includes contributions from the various branches of economic theory, such as the economics of property rights, the theory of the firm,

Overview

An important new research program has developed in economics that extends neoclassical economic theory in order to examine the effects of institutions on economic behavior. The body of work emerging from this new line of inquiry includes contributions from the various branches of economic theory, such as the economics of property rights, the theory of the firm, cliometrics and law and economics. This book is the first comprehensive survey of this research program, which the author terms "neoinstitutional economics." The author proposes a unified approach to this research, integrating the work of various contributors and emphasizing the common principles of inquiry that tie the work together. The theoretical discussion is accomplished by empirical studies dealing with a whole range of institutions and economic systems.

Product Details

ISBN-13:
9780521348911
Publisher:
Cambridge University Press
Publication date:
06/28/1990
Series:
Cambridge Surveys of Economic Literature Series
Edition description:
New Edition
Pages:
404
Product dimensions:
5.98(w) x 8.98(h) x 0.91(d)

Table of Contents

Part I. Introduction to the Theory: 1. Generalising neoclassical economics: new tools and concepts; 2. Property rights, agency and economic organisation; 3. Explaining the rules; Part II. Property Rights and Economic Outcomes: 4. The economics of exclusive rights; 5. The ownership structure of firms and equilibrium outcomes; Part III. Explaining Economic Organisation: 6. The contractual nature of the firm; 7. The logic of economic organisation; Part IV. Explaining Property Rights: 8. The emergence of property rights; 9. Property rights in stateless societies; 10. The state in neoinstitutional economics.

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Economic Behavior and Institutions: Principles of Neoinstitutional Economics 5 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
This is an outstanding introduction to NIE. Economic performance of individuals, firms and nations get clearer as examined by Prof.Eggertsson from the viewpoint of several simple and evident principles. I strongly recommend to Prof.Eggertsson to write a new edition which would cover dramatic development of the 1990s and the early 2000s. Those who are interested can read his later essay in Empirical Studies in Institutional Change, Cambridge University Press, 1996. However a new large book analysing the modern world in line with the principles of NIE and featured by logical and clear style typical of Prof.Eggertsson is badly needed.