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Author: Shaorong Sun Publisher: Springer ISBN: 9811003440 Category : Political Science Languages : en Pages : 231
Book Description
This book discusses a development in institutional economics and management science, which provides engineering methods for institution design. Based on the “Sun Diagram” created by the author, it uses graphics and calculations to explain that there are only five fundamental management institution structures, each of which has a particular management effect. It also demonstrates that production activities should be managed with different institutions according to the differences in externalities. This significant book suggests ways of using institution design to tackle the key challenges faced by societies today, such as environmental pollution, over-consumption of natural resources, carbon emissions, world peace issues and stagnating productivity levels.
Author: Shaorong Sun Publisher: Springer ISBN: 9811003440 Category : Political Science Languages : en Pages : 231
Book Description
This book discusses a development in institutional economics and management science, which provides engineering methods for institution design. Based on the “Sun Diagram” created by the author, it uses graphics and calculations to explain that there are only five fundamental management institution structures, each of which has a particular management effect. It also demonstrates that production activities should be managed with different institutions according to the differences in externalities. This significant book suggests ways of using institution design to tackle the key challenges faced by societies today, such as environmental pollution, over-consumption of natural resources, carbon emissions, world peace issues and stagnating productivity levels.
Author: Douglass C. North Publisher: Cambridge University Press ISBN: 9780521397346 Category : Political Science Languages : en Pages : 164
Book Description
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Author: Alexander Ebner Publisher: Oxford University Press, USA ISBN: 0199231427 Category : Business & Economics Languages : en Pages : 423
Book Description
Where do markets come from and what drives their evolution? How do organizations cope with the competitive dynamism of markets? What is the role of governance mechanisms in the institutional coordination of markets? In this book, leading social scientists consider these questions and examine the institutional foundations of economic change.
Author: Eirik Grundtvig Furubotn Publisher: University of Michigan Press ISBN: 9780472086801 Category : Business & Economics Languages : en Pages : 576
Book Description
A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.
Author: Eirik G. Furubotn Publisher: University of Michigan Press ISBN: 047202714X Category : Business & Economics Languages : en Pages : 673
Book Description
This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.
Author: Douglass C. North Publisher: Cambridge University Press ISBN: 1139642960 Category : Political Science Languages : en Pages : 231
Book Description
Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P. Thomas) and Structure and Change in Economic History (Norton, 1981). Professor North is included in Great Economists Since Keynes edited by M. Blaug (CUP, 1988 paperback ed.)
Author: Geoffrey M. Hodgson Publisher: Polity ISBN: 9780745602776 Category : Business & Economics Languages : en Pages : 264
Book Description
Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints. From this perspective, the author takes on the ‘free marketers’ such as Milton Friedman and the ‘new institutionalism’ of Oliver Williamson. He argues against the neo-classical and Austrian views of the operation of markets, offering instead a convincing new synthesis of the work of Keynes, Veblen, Simon and Marx. Taking up the implications of his argument, Hodgson calls for a radically new policy perspective based on structural reform and institutional intervention. This work will be required reading for economics students in their second and third years and will be of interest to students and academics throughout the social sciences.
Author: Eirik G. Furubotn Publisher: University of Michigan Press ISBN: 0472030256 Category : Business & Economics Languages : en Pages : 673
Book Description
This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.
Author: Shuanping Dai Publisher: Routledge ISBN: 1317749529 Category : Business & Economics Languages : en Pages : 240
Book Description
The questions such as, ‘why the focuses of national policies vary significantly across countries, although their sources of policies are to a great extent identical’; ‘why national development experiences mostly cannot be transplanted successfully among countries’; ‘why some ineffective institutions persist over long periods of time’, have attracted numerous efforts. This book provides a new perspective and argues that the answers lie in the existence of the networks of institutions and thus of national systems of policies (NSP) within national frameworks. Institutions are the equilibria of games and exist as rules of games. Therefore, a basic setting is that institutions emerge endogenously from a series of social interactions, and the interacting human agents are connected and interdependent at the overlapping interaction platforms. National policies and developmental strategies can be modelled in this approach too. The networks of institutions describe the dynamic connected structure among institutions in the process of social interactions over time. Regarding the national policies response to the recent economic crises, this book argues that the difference comes from the distinct understandings of the tags of the policies, which highly depend on the distinct national contexts, such as national interests, cultural background, political systems and so forth. This book represents a significant contribution to the literature which will be essential reading for those interested in institutional economics, network theory, social structures and economic policy. In particular, the approach of applying network game theory in institutional emergence, and the terms developed, i.e. tags of institutions, and national systems of policies, in this book, are illuminating and deserve more attention.
Author: Charles J. Whalen Publisher: Routledge ISBN: 1000462994 Category : Business & Economics Languages : en Pages : 316
Book Description
Institutional economics is a sociocultural discipline and policy science which draws on the idea that economies are best understood through an appreciation of history, real-world institutions, and socioeconomic interrelations. This book brings together leading institutionalists to examine the tradition’s most essential perspectives and methods. The contributors to the book draw on a broad range of institutional thought from the classic work of Thorstein Veblen, John R. Commons, and Karl Polanyi, to the newer viewpoints of post-Keynesian institutionalism, feminist institutionalism, and environmental institutionalism. Methods range from frameworks used to analyze public policy and institutional change, to modes of analysis including myth busting, historically grounded narratives, and computer-based simulations. Each chapter surveys the origins, development, key features, applications, and frontiers of a particular viewpoint, framework, or mode of analysis. Due consideration is given to both strengths and weaknesses; and woven into the chapters is attention to core institutionalist concepts, including technology, institutions, culture, and complexity. The book provides economists with promising starting points for new research, students with contributions refreshingly in touch with the real world, and policymakers and social scientists with compelling reasons for engaging further with the institutionalist tradition.
Author: Shaorong Sun
Author: Shaorong Sun
Author: Douglass C. North
Author: Alexander Ebner
Author: Eirik Grundtvig Furubotn
Author: Eirik G. Furubotn
Author: Douglass C. North
Author: Geoffrey M. Hodgson
Author: Eirik G. Furubotn
Author: Shuanping Dai
Author: Charles J. Whalen