Advanced Introduction to New Institutional Economics
Series: Elgar Advanced Introductions series;
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Product details:
- Publisher Edward Elgar
- Date of Publication 18 January 2022
- ISBN 9781789904482
- Binding Hardback
- No. of pages200 pages
- Size 224x138x16 mm
- Weight 342 g
- Language English 221
Categories
Long description:
Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.
New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?
Key Features:
- Elucidates the essence of NIE’s main branches, focusing on the
governance of transactions and organizations (identified with Oliver
Williamson), the fundamental institutional environment (Douglass
North), and the role of communal institutions and collective action (Elinor
Ostrom) - Explores how NIE has transformed perspectives on collective action, state
and legal institutions, public policy and regulation, and economic growth - Extensive references to allow interested readers to dive deeper into specific topics
- Authored by scholars associated early on with leading figures in NIE and the development of NIE’s research agenda.
This Advanced Introduction is an ideal read for advanced students of economics, political science, management, law and sociology interested in learning about new institutional economics. Policy makers, especially those responsible for business and utility regulation and development policy and assistance, will also benefit from this concise yet detailed book.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 License. It is free to read, download and share on Elgaronline.com. It has been made Open Access in honor of the Ronald Coase Institute, which supports research on institutions. To learn more and support the Coase Institute's work please visit www.coase.org.
New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?
’This Advanced Introduction provides a terrific exposition of New Institutional Economics. The foundations of transaction costs, property rights, and contracting produce applications concerning institutions large and small, covering a substantial share of economic activity. Much of the world's economic progress and institutional change will rely on these ideas.’
