Institutional Economics: Theory, Method, Policy

Overview

The volume appraises, refines, and extends the institutionalist's evolutionary theory of political economy in six different areas of inquiry: (a) the provision of a fresh and comparative overview of institutional economics in general; (b) the presentation and refinement of pragmatic methods of inquiry; (c) the exploration of extensions and clarifications of instrumental value theory; (d) the distillation of an emergent institutionalist theory of labor markets; (e) the explication of a culture-based theory of ...

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Paperback (Softcover reprint of the original 1st ed. 1993)
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Overview

The volume appraises, refines, and extends the institutionalist's evolutionary theory of political economy in six different areas of inquiry: (a) the provision of a fresh and comparative overview of institutional economics in general; (b) the presentation and refinement of pragmatic methods of inquiry; (c) the exploration of extensions and clarifications of instrumental value theory; (d) the distillation of an emergent institutionalist theory of labor markets; (e) the explication of a culture-based theory of economic development; and (f) the formulation of an analytical design that provides direction for institutional policy making.
Institutional Economics: Theory, Method, Policy appears at an especially opportune time, when there is widespread and accumulating analytical dissatisfaction with received economic doctrine. The traditional neoclassical and Marxist views of how to explain, order, and operate a political economy are now in question throughout the world. Appeals are being made for more relevant and pragmatic, less doctrinaire and dogmatic, approaches to economic inquiry and problem solving. This volume provides fresh theoretical underpinnings for such problem solving efforts.

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Product Details

  • ISBN-13: 9789401737593
  • Publisher: Springer Netherlands
  • Publication date: 12/31/2013
  • Series: Recent Economic Thought Series, #31
  • Edition description: Softcover reprint of the original 1st ed. 1993
  • Pages: 360
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.77 (d)

Table of Contents

I. Introduction; M.R. Tool. II. The Institutionalist Challenge: Beyond Dissent; P.A. Klein. Comment on the Klein Paper; E.S. Miller. III. The Methodology of Institutional Economics: a Pragmatic Instrumentalist Perspective; P.D. Bush. Comment on the Bush Paper; G.M. Hodgson. IV. The Theory of Instrumental Value: Extensions and Clarifications; M.R. Tool. Comment on the Tool Paper; W.T. Waller, L. Robertson. V. Institutional Economics and the Dual Labor Market Theory; Y. Ramstad. Comment on the Ramstad Paper; S.L. Mangum, F. Borgers. VI. Institutions and Economic Development: Structure, Process, and Incentive; J. Adams. Comment on the Adams Paper; J.L. Dietz. VII. Institutionalist Policymaking; F.G. Hayden. Comment on the Hayden Paper; M.D. Lower.

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