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Coasean Economics Law And Economics And The New Institutional Economics
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Book Synopsis Coasean Economics Law and Economics and the New Institutional Economics by : Steven G. Medema
Download or read book Coasean Economics Law and Economics and the New Institutional Economics written by Steven G. Medema and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Upon hearing that Ronald Coase had been awarded the Nobel Prize, a fellow economist's first response was to ask with whom Coase had shared the Prize. Whether this response was idiosyncratic or not, I do not know; I expect not. Part of this type of reaction can no doubt be explained by the fact that Coase has often been characterized as an economist who wrote only two significant or influential papers: "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). And by typical professional standards of "significant" and "influential" (i. e. , widely read and cited), this perception embodies a great deal of truth, even subsequent to Coase's receipt of the Prize. This is not to say that there have not been other important works - "The Marginal Cost Controversy" (1946) and "The Lighthouse in Economics" (1974) come immediately to mind here - only that in a random sample of, say, one hundred economists, one would likely find few who could list a Coase bibliography beyond the two classic pieces noted above, in spite of Coase's significant publication record. ' The purpose of this collection is to assess the development of, tensions within, and prospects for Coasean Economics - those aspects of economic analysis that have evolved out of Coase's path-breaking work. Two major strands of research can be identified here: law and economics and the New Institutional Economics.
Book Synopsis Coasean Economics Law and Economics and the New Institutional Economics by : Steven G. Medema
Download or read book Coasean Economics Law and Economics and the New Institutional Economics written by Steven G. Medema and published by Springer Science & Business Media. This book was released on 1997-10-31 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Upon hearing that Ronald Coase had been awarded the Nobel Prize, a fellow economist's first response was to ask with whom Coase had shared the Prize. Whether this response was idiosyncratic or not, I do not know; I expect not. Part of this type of reaction can no doubt be explained by the fact that Coase has often been characterized as an economist who wrote only two significant or influential papers: "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). And by typical professional standards of "significant" and "influential" (i. e. , widely read and cited), this perception embodies a great deal of truth, even subsequent to Coase's receipt of the Prize. This is not to say that there have not been other important works - "The Marginal Cost Controversy" (1946) and "The Lighthouse in Economics" (1974) come immediately to mind here - only that in a random sample of, say, one hundred economists, one would likely find few who could list a Coase bibliography beyond the two classic pieces noted above, in spite of Coase's significant publication record. ' The purpose of this collection is to assess the development of, tensions within, and prospects for Coasean Economics - those aspects of economic analysis that have evolved out of Coase's path-breaking work. Two major strands of research can be identified here: law and economics and the New Institutional Economics.
Book Synopsis Coasean Economics Law and Economics and the New Institutional Economics by : Steven G Medema
Download or read book Coasean Economics Law and Economics and the New Institutional Economics written by Steven G Medema and published by . This book was released on 1997-10-31 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of New Institutional Economics by : Claude Ménard
Download or read book Handbook of New Institutional Economics written by Claude Ménard and published by Springer Science & Business Media. This book was released on 2008-06-27 with total page 875 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Institutional Economics (NIE) has skyrocketed in scope and influence over the last three decades. This first Handbook of NIE provides a unique and timely overview of recent developments and broad orientations. Contributions analyse the domain and perspectives of NIE; sections on legal institutions, political institutions, transaction cost economics, governance, contracting, institutional change, and more capture NIE's interdisciplinary nature. This Handbook will be of interest to economists, political scientists, legal scholars, management specialists, sociologists, and others wishing to learn more about this important subject and gain insight into progress made by institutionalists from other disciplines. This compendium of analyses by some of the foremost NIE specialists, including Ronald Coase, Douglass North, Elinor Ostrom, and Oliver Williamson, gives students and new researchers an introduction to the topic and offers established scholars a reference book for their research.
Book Synopsis Economic Behavior and Legal Institutions by : Lars Werin
Download or read book Economic Behavior and Legal Institutions written by Lars Werin and published by World Scientific Publishing Company. This book was released on 2003-04-25 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Markets would not function unless supported by a legal framework. That framework is no self-contained, exogenous structure; it has evolved in response to the demands of economic activity. There are laws made to modify or supplement market behavior, in an attempt to produce the desired outcomes. Such laws are often called forth by political ambitions to change the distribution of wealth, channeled through the political process. Thus economic life and law are strongly interrelated. There is neither a pure economic system unaffected by law, nor a legal system possible to understand without regard for its interplay with economic behavior. Still, such a compartmentalization has dominated the perspectives of both economics and legal studies. This invaluable book presents a unified picture of the full economic-legal system, based on results within the novel fields of “new institutional economics” and “law and economics”. It is carefully argued, and written in a non-technical style, albeit with no attempts to avoid “deep” theory. It is primarily aimed at students of economics just beyond their introductory course and students of law in the middle or towards the end of their studies. It can also be of great use to both economists on a more advanced level and lawyers, looking for a thought-provoking survey of an exciting new sphere of ideas.
Book Synopsis Institutions and Economic Theory by : Eirik Grundtvig Furubotn
Download or read book Institutions and Economic Theory written by Eirik Grundtvig Furubotn and published by University of Michigan Press. This book was released on 2000 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.
Book Synopsis A Research Agenda for New Institutional Economics by : Claude Ménard
Download or read book A Research Agenda for New Institutional Economics written by Claude Ménard and published by Edward Elgar Publishing. This book was released on 2018-12-28 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consisting of 30 concise chapters written by top scholars, this Research Agenda probes the knowledge frontiers of issues long at the forefront of New Institutional Economics (NIE), including government, contracts and property rights. It examines pressing research questions surrounding norms, culture, and beliefs. It is designed to inform and inspire students and those starting their careers in economics, law and political science. Well-established scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.
Book Synopsis Advanced Introduction to New Institutional Economics by : Ménard, Claude
Download or read book Advanced Introduction to New Institutional Economics written by Ménard, Claude and published by Edward Elgar Publishing. This book was released on 2022-01-14 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?
Book Synopsis Institutions, Contracts, and Organizations by : Claude Ménard
Download or read book Institutions, Contracts, and Organizations written by Claude Ménard and published by Edward Elgar Publishing. This book was released on 2000 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: A presentation of contributions from some of the world's leading economists, including Ronald Coase and Douglass North. It demonstrates the extent and depth of the New Institutional Economics research programme with special emphasis on the interaction between institutional factors.
Book Synopsis Economics and the Law by : Nicholas Mercuro
Download or read book Economics and the Law written by Nicholas Mercuro and published by Princeton University Press. This book was released on 2006-08-20 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description
Book Synopsis The New Institutional Economics by : Eirik Grundtvig Furubotn
Download or read book The New Institutional Economics written by Eirik Grundtvig Furubotn and published by Mohr Siebeck. This book was released on 1991 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ronald H. Coase by : Steven G. Medema
Download or read book Ronald H. Coase written by Steven G. Medema and published by Springer. This book was released on 2016-07-27 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Ronald Coase has been one of the most influential economists of his generation. Although his work deals with foundation concepts of the discipline, his ideas have been subject to a variety of usage, often in conjunction with ideological baggage. In this remarkable study of the man and his work, Steven Medema presents a careful, judicious, and nonideological examination of Coase's ideas, challenging their misleading common interpretation and revealing their true revolutionary potential. 'Professor W. J. Samuels, Michigan State University 'Steven Medema's achievement is remarkable: with great fairness he introduces us to Coase's way of thinking, and with great clarity helps us to see the continuity in Coase's work. Medema has written an excellent book about one of the great economists of this century.' Professor T. Eggertsson, University of Iceland and Indiana University. This book presents a systematic analysis of the contributions to economics made by Ronald Coase, the recipient of the 1991 Nobel Prize in economics. Throughout his career, Coase has brought his own particular approach to the economic analysis of the firm, pricing and costs, externalities, the economic role of government and economic method. This book analyses Coase's seminal contributions to economics, as well as the challenge that his work poses to conventional economic analysis.
Book Synopsis The Theory of Transaction in Institutional Economics by : Massimiliano Vatiero
Download or read book The Theory of Transaction in Institutional Economics written by Massimiliano Vatiero and published by Routledge. This book was released on 2020-07-08 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite abundant literature on transaction costs, there is little to no in-depth analysis regarding what the transaction is or how it works. Drawing on both Old and New Institutional Economics and on a variety of interdisciplinary sources, this monograph traces the history of the meaning of transaction in institutional economics, mapping its topicality and use over time. This manuscript treats the idea of ‘transaction’ as a construct with legal, competitive and political dimensions, and connects different approaches within institutional economics. The book covers the contributions of key thinkers from different schools, including (in alphabetical order) Ronald H. Coase, John R. Commons, Robert Lee Hale, Oliver Hart, Mancur Olson, Thorstein Veblen and Olver E. Williamson. This book will be of interest to advanced students and researchers of institutional economics, law and economics, and economics, and the history of economic thought.
Book Synopsis Economics and the Law by : Nicholas Mercuro
Download or read book Economics and the Law written by Nicholas Mercuro and published by Princeton University Press. This book was released on 1997 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: By providing readers with a noncritical description of the broad contours of each school of thought, Mercuro and Medema convey a strong sense of the important elements of each of these interrelated yet varied traditions.
Download or read book Law and Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2023-12-18 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Law and Economics Law and economics, often known as economic analysis of law, is the process of applying microeconomic theory to the study of law rather than the other way around. A number of economists from the Chicago school of economics, including Aaron Director, George Stigler, and Ronald Coase, were principally responsible for the pioneering work that led to the development of this subject in the United States during the early 1960s. For the purpose of explaining the impacts of laws, determining which legal rules are economically effective, and predicting which legal rules will be adopted, this field makes use of concepts from economics. There are two major branches of law and economics: the first is based on the application of the methods and theories of neoclassical economics to the positive and normative analysis of the law, and the second is centered on an institutional analysis of law and legal institutions, with a broader focus on economic, political, and social outcomes, and overlapping with analyses of the institutions of politics and governance. Both of these branches are considered to be important in the field of law and economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Law and economics Chapter 2: Ronald Coase Chapter 3: Free-rider problem Chapter 4: James M. Buchanan Chapter 5: Coase theorem Chapter 6: Chicago school of economics Chapter 7: New institutionalism Chapter 8: Guido Calabresi Chapter 9: Armen Alchian Chapter 10: Aaron Director Chapter 11: Regulatory economics Chapter 12: New institutional economics Chapter 13: Harold Demsetz Chapter 14: Virginia school of political economy Chapter 15: Economic justice Chapter 16: Property rights (economics) Chapter 17: The Use of Knowledge in Society Chapter 18: The Problem of Social Cost Chapter 19: Arnold Plant Chapter 20: Constitutional economics Chapter 21: Francesco Parisi (economist) (II) Answering the public top questions about law and economics. (III) Real world examples for the usage of law and economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of law and economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of law and economics.
Book Synopsis Institutions and Economic Theory by : Eirik G. Furubotn
Download or read book Institutions and Economic Theory written by Eirik G. Furubotn and published by University of Michigan Press. This book was released on 2010-10-22 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Forever Contemporary: The Economics of Ronald Coase by : Cento Veljanovski
Download or read book Forever Contemporary: The Economics of Ronald Coase written by Cento Veljanovski and published by London Publishing Partnership. This book was released on 2015-10-26 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ronald Coase is one of the most important economists of the twentieth century. Amongst other great achievements, Coase taught us why firms exist and how we can better understand how to solve environmental problems. He also made a profound contribution to our understanding of the provision of so-called "public goods" and helped join the often distinct intellectual fields of law and economics. Coase coined the phrase "blackboard economics" to describe an approach to economics that involved ignoring what happens in practice and, instead, led the profession to obsess with theory. He once said: 'If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, "what would I do if I were a horse?"'There is much that students, teachers, policymakers and regulators can learn from the economics of Ronald Coase, and he will, no doubt, provide a rich seam of material for decades to come. The authors of this short book have taken up the challenge. They apply Coase's ideas to a number of different areas of economics and, in doing so, provide a practical and very readable introduction to a number of topics that have direct relevance for regulation and for public policy.
