Institutions and Economic Change: New Perspectives on Markets, Firms and Technology

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Editorial Reviews

Let them eat data! could be the cry of economic's new glasses, which show not the allocation of scarce resources, but the creation, distribution, and use of information and other newly created products. A dozen papers from an October 1994 conference in Copenhagen present theories of the relationships between institutions and economic change, with applications in such fields as innovation, the firm, technical change, markets, and economic systems. They focus on the roles of learning, knowledge, trust, and norms. Addressed to academic economists. The CiP data shows Johnson as the first editor. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9781858983226
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 1/1/1998
  • Edition description: New Edition
  • Pages: 328

Table of Contents

List of figures
List of tables
Notes on contributors
Introduction: Institutions and economic change
Pt. I Prospects for Evolutionary and Institutional Theory
1 The institutional embeddedness of economic change: an appraisal of the 'evolutionary' and 'regulationist' research programmes 3
2 The learning economy: challenges to economic theory and policy 33
Pt. II Innovation and Technological Development
3 The evolutionary approach to technological change: a framework for microeconomic analysis 57
4 The glocalization of technology 84
5 Technological performance and variety: the case of the German electronics industry 109
6 High R&D intensity without high tech products: a Swedish paradox? 131
Pt. III The Theory of the Firm and Relations Between Firms
7 Black boxes, grey boxes: the scope of contracts in the theory of the firm 153
8 Governance of transactions: a strategic process model 172
9 Schumpeterian banker-entrepreneur interaction and the spontaneous evolution of bank-industry networks: why institutional endowments matter 200
Pt. IV Markets, Economic Systems and the Role of Moral Norms
10 Varieties of capitalism and varieties of economic theory 215
11 Financial markets and economic development: myth and institutional reality 243
12 Moral standards and transaction costs: long-term effects 258
Index 291
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