Author: Avner GreifPublisher: Cambridge University Press
ISBN: 9780521480444
Category : Business & Economics
Languages : en
Pages : 536
Book Description
Publisher Description
Institutions and the Path to the Modern Economy
Author: Avner GreifPublisher: Cambridge University Press
ISBN: 9780521480444
Category : Business & Economics
Languages : en
Pages : 536
Book Description
Publisher Description
Power and Economic Institutions
Author: Bo GustafssonWhy Nations Fail
Author: Daron AcemogluPublisher: Currency
ISBN: 0307719227
Category : Business & Economics
Languages : en
Pages : 546
Book Description
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Economy, Society and Public Policy
Author: The Core TeamPublisher: Oxford University Press, USA
ISBN: 9780198849841
Category : Economic policy
Languages : en
Pages : 0
Book Description
Economy, Society, and Public Policy is a new way to learn economics. It is designed specifically for students studying social sciences, public policy, business studies, engineering and other disciplines who want to understand how the economy works and how it can be made to work better. Topical policy problems are used to motivate learning of key concepts and methods of economics. It engages, challenges and empowers students, and will provide them with the tools to articulate reasoned views on pressing policy problems. This project is the result of a worldwide collaboration between researchers, educators, and students who are committed to bringing the socially relevant insights of economics to a broader audience.KEY FEATURESESPP does not teach microeconomics as a body of knowledge separate from macroeconomicsStudents begin their study of economics by understanding that the economy is situated within society and the biosphereStudents study problems of identifying causation, not just correlation, through the use of natural experiments, lab experiments, and other quantitative methodsSocial interactions, modelled using simple game theory, and incomplete information, modelled using a series of principal-agent problems, are introduced from the beginning. As a result, phenomena studied by the other social sciences such as social norms and the exercise of power play a roleThe insights of diverse schools of thought, from Marx and the classical economists to Hayek and Schumpeter, play an integral part in the bookThe way economists think about public policy is central to ESPP. This is introduced in Units 2 and 3, rather than later in the course.
Power and Global Economic Institutions
Author: Publisher:
ISBN: 9781316449653
Category : BUSINESS & ECONOMICS
Languages : en
Pages :
Book Description
"This book contends that existing approaches leave out key aspects of the relationship between economic power and formal political power in multilateral economic institutions.Importantly,while existing works focus on either power or institutions as distinct realms,we must examine their intersection as well. Third,institutions mediate the importance of the inter-state distribution of economic power through institutional rules and conventions.Simply,institutional conventions denote well-established procedures and specific interpretations of rules for certain actions.Among the many conventions a single institution may embody,of interest here are those that concern formal political power,including the procedures for altering it.Reasonably,these existing rules and conventions determine the parameters,if not the content,of how members alter formal political power in the institution.Particularly,such rules may more often than not be a source for "incremental change" as opposed to more big-bang alterations (e.g.,Pierson 2004; Thelen and Mahoney 2010). Given that the literature currently lacks an integrative theory"--
Institutions, Institutional Change and Economic Performance
Author: Douglass C. NorthPublisher: 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.
The Economic Intstitutions of Capitalism
Author: Oliver E. WilliamsonPublisher: Simon and Schuster
ISBN: 068486374X
Category : Business & Economics
Languages : en
Pages : 473
Book Description
This long-awaited sequel to the modem classic "Markets and Hierarchies" develops and extends Williamson's innovative use of transaction cost economics as an approach to studying economic organization by applying it to work and labor as well as the corporation itself. In addition, Williamson explores its growing implications for public policy, including its potential influence on antitrust and merger guidelines, labor policy, and SEC and public utility regulations.
Power in Economic Thought
Author: Manuela MoscaPublisher: Springer
ISBN: 3319940392
Category : Business & Economics
Languages : en
Pages : 394
Book Description
This book offers a pluralistic vision of the way economists have dealt with the question of power in society over the last two centuries. Economists’ ideas about power are examined from political, theoretical and policy-making points of view, with additional discussion of the active participation of economists in the management of power. The book is organized into four main conceptions of power relations: i) Power as embedded in political institutions; ii) Power as emerging from the asymmetric relations caused by the unequal distribution of income and wealth; iii) Power as associated to the monopolistic or oligopolistic position held by some firms in the market; and iv) Power as the management of economic policies by the state. Mosca brings together contributions from a range of scholars to analyse how economists have considered the role of power, putting the discussion into a much needed historical context.
Society and Economy
Author: Mark GranovetterPublisher: Harvard University Press
ISBN: 0674975219
Category : Business & Economics
Languages : en
Pages : 254
Book Description
A work of exceptional ambition by the founder of modern economic sociology, this first full account of Mark Granovetter’s ideas stresses that the economy is not a sphere separate from other human activities but is deeply embedded in social relations and subject to the same emotions, ideas, and constraints as religion, science, politics, or law.
Transaction Cost Economics and Beyond
Author: Michael DietrichPublisher: Routledge
ISBN: 1134909829
Category : Business & Economics
Languages : en
Pages : 201
Book Description
In recent years transaction cost economics have come to dominate the discussion of the nature and organization of firms. In Transaction Costs Economics and Beyond Michael Dietrich offers a critical exploration of transaction costs. He argues that whilst they have much to offer, they are still an inadequate basis for a general theory of the firm. Drawing on theories of organizational behaviour as well as economics, he concludes by offering a theory of the firm that allows for both hierarchical and creative decision making.