• Sign In
  • Help
  • My Basket0
Institutions in Economics: The Old and the New Institutionalism - Historical Perspectives on Modern Economics (Paperback)
  • Institutions in Economics: The Old and the New Institutionalism - Historical Perspectives on Modern Economics (Paperback)
zoom

Institutions in Economics: The Old and the New Institutionalism - Historical Perspectives on Modern Economics (Paperback)

(author)
£30.99
Paperback 240 Pages / Published: 13/07/1996
  • Not available

This product is currently unavailable.

  • This item has been added to your basket

Check Marketplace availability

This book examines and compares the two major traditions of institutionalist thinking in economics: the 'old' institutionalism of Veblen, Mitchell, Commons, and Ayres, and the 'new' institutionalism developed more recently from neoclassical and Austrian sources and including the writings of Coase, Williamson, North, Schotter, and many others. The discussion is organized around a set of key methodological, theoretical, and normative problems that necessarily confront any attempt to incorporate institutions (defined to include organizations, laws, and social norms) into economics. These are identified in terms of the issues surrounding the use of formal or non-formal analytical methods, individualist or holistic approaches, the respective roles of rational choice and rule-following behavior, the relative importance of the spontaneous evolution and deliberative design of institutions, and questions concerning the normative appraisal of institutions. The old and the new institutionalism have often been paired on opposite sides of these issues, and the issues themselves presented in a series of sharp dichotomies. Professor Rutherford argues, however, that matters are both more complex and more challenging. Although each tradition embodies fascinating insights into the study of economic institutions - their functioning, evolution, and impact on human welfare - neither has as yet provided fully satisfactory answers to the problems identified.

Publisher: Cambridge University Press
ISBN: 9780521574471
Number of pages: 240
Weight: 360 g
Dimensions: 228 x 152 x 14 mm

You may also be interested in...

The Theory of the Leisure Class
Added to basket
Small Is Beautiful
Added to basket
Conspicuous Consumption
Added to basket
Capital
Added to basket
£3.99
Paperback
A Brief History of Neoliberalism
Added to basket
The Wealth of Nations
Added to basket
Game Theory: A Very Short Introduction
Added to basket
Adam Smith's The Wealth of Nations
Added to basket
The Wealth of Nations
Added to basket
Capitalism and Freedom
Added to basket
Capital
Added to basket
£8.99
Paperback
Capitalism: A Very Short Introduction
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.