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Institutional Change And Economic Behaviour
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Book Synopsis Institutional Change and Economic Behaviour by : J. Kornai
Download or read book Institutional Change and Economic Behaviour written by J. Kornai and published by Springer. This book was released on 2008-02-21 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores institutional change and economic behaviour by examining the transition process in the former socialist countries that joined the EU in 2004, looking at the growth occurring in China, offering a historical perspective on economic underdevelopment in the Middle East, and discussing the neo-classical paradigm.
Book Synopsis Institutions, Institutional Change and Economic Performance by : Douglass C. North
Download or read book Institutions, Institutional Change and Economic Performance written by Douglass C. North and published by Cambridge University Press. This book was released on 1990-10-26 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Institutions, Institutional Change and Economic Performance by : Douglass C. North
Download or read book Institutions, Institutional Change and Economic Performance written by Douglass C. North and published by Cambridge University Press. This book was released on 1990-10-26 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.)
Book Synopsis Economic Behavior and Institutions by : Þráinn Eggertsson
Download or read book Economic Behavior and Institutions written by Þráinn Eggertsson and published by Cambridge University Press. This book was released on 1990-06-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive survey of 'neoinstitutional economics', which integrates different economic theories.
Book Synopsis Economic Analysis of Institutional Change in Ancient Greece by : Carl Hampus Lyttkens
Download or read book Economic Analysis of Institutional Change in Ancient Greece written by Carl Hampus Lyttkens and published by Routledge. This book was released on 2012-12-12 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an economic analysis of the causes and consequences of institutional change in ancient Athens. Focusing on the period 800-300 BCE, it looks in particular at the development of political institutions and taxation, including a new look at the activities of individuals like Solon, Kleisthenes and Perikles and on the changes in political rules and taxation after the Peloponnesian War.
Book Synopsis Institutional Change and American Economic Growth by : L. E. Davis
Download or read book Institutional Change and American Economic Growth written by L. E. Davis and published by CUP Archive. This book was released on 1971-09-24 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries. The authors develop their model of institutional change. They argue that if external economic factors make an increase in income possible but not attainable within the existing institutional structure, new organizations must be developed to achieve the potential in income. Their model is designed to explain the type and timing of these necessary changes in institutional organization. Individual, voluntary cooperative, and governmental arrangements are included in the discussion, although the latter differs considerably from the first two.
Book Synopsis Understanding the Process of Economic Change by : Douglass C. North
Download or read book Understanding the Process of Economic Change written by Douglass C. North and published by Princeton University Press. This book was released on 2010-05-09 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.
Book Synopsis Institutions, Institutional Change, and Economic Performance by : Douglass Cecil North
Download or read book Institutions, Institutional Change, and Economic Performance written by Douglass Cecil North and published by . This book was released on 1990 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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"--Provided by publisher.
Book Synopsis Empirical Studies in Institutional Change by : Lee J. Alston
Download or read book Empirical Studies in Institutional Change written by Lee J. Alston and published by Cambridge University Press. This book was released on 1996-07-28 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical Studies in Institutional Change is a collection of nine empirical studies by fourteen scholars. Dealing with issues ranging from the evolution of secure markets in seventeenth-century England to the origins of property rights in airport slots in modern America, the contributors analyse institutions and institutional change in various parts of the world and at various periods of time. The volume is a contribution to the new economics of institutions, which emphasises the role of transaction costs and property rights in shaping incentives and results in the economic arena. To make the papers accessible to a wide audience, including students of economics and other social sciences, the editors have written an introduction to each study and added three theoretical essays to the volume, including Douglass North's Nobel Prize address, which reflect their collective views as to the present status of institutional analysis and where it is headed.
Book Synopsis Beyond Continuity by : Wolfgang Streeck
Download or read book Beyond Continuity written by Wolfgang Streeck and published by Oxford University Press. This book was released on 2005 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book examines current theories of institutional change. The chapters highlight the limitations of these theories. Instead a model emerges of contemporary political economies developing in incremental but cumulatively transformative processes"--Provided by publisher.
Book Synopsis Crisis and Institutional Change in Regional Integration by : Sabine Saurugger
Download or read book Crisis and Institutional Change in Regional Integration written by Sabine Saurugger and published by Routledge. This book was released on 2016-03-31 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparative regional integration has met with increasing interest over the last twenty years with the emergence or reinforcing of new regional dynamics in the EU, NAFTA, MERCOSUR and ASEAN. This volume systematically and comparatively analyses the reasons for regional integration and stalemate in European, Latin American and Asian regional integration. It examines whether regional integration systems change in crisis periods, or more precisely in periods of economic crises, and why they change in different directions. Based on a neo-institutionalist research framework and rigorously comparative research design, the individual chapters analyse why financial and economic crises lead to more or less integrated systems and which factors lead to these institutional changes. Specifically it addresses institutional change in regional integration schemes, power relations between member states and the institutions in different policy domains, and change in individual or collective citizens’ attitudes towards regional integration. Adopting an actor-centred approach, the book highlights which regional integration schemes are influenced by economic and financial crises and how to explain this. This text will be of key interest to scholars, students and policy specialists in regional integration, European Politics, International Relations, and Latin American and Asian studies.
Book Synopsis Imperfect Institutions by : Thráinn Eggertsson
Download or read book Imperfect Institutions written by Thráinn Eggertsson and published by University of Michigan Press. This book was released on 2009-10-27 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of New Institutional Economics toward the end of the twentieth century profoundly changed our ideas about the organization of economic systems and their social and political foundations. Imperfect Institutions explores recent developments in this field and pushes the discussion forward by allowing for incomplete knowledge of social systems and unexpected system dynamics and, above all, by focusing explicitly on institutional policy. Empirical studies extending from Africa to Iceland are cited in support of the theoretical argument. In Imperfect Institutions Thráinn Eggertsson extends his attempt to integrate and develop the new field that began with his acclaimed Economic Behavior and Institutions (1990), which has been translated into six languages. This latest work analyzes why institutions that create relative economic backwardness emerge and persist and considers the possibilities and limits of institutional reform. Thráinn Eggertsson is Professor of Economics at the University of Iceland and Global Distinguished Professor of Politics at New York University. Previously published works include Economic Behavior and Institutions (1990) and Empirical Studies in Institutional Change with Lee Alston and Douglass North (1996).
Book Synopsis Conflict and Cooperation by : A. Allan Schmid
Download or read book Conflict and Cooperation written by A. Allan Schmid and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Allan Schmid’s innovative text, Conflict and Cooperation: Institutional and Behavioral Economics,investigates "the rules of the game," how institutions--both formal and informal--affect these rules, and how these rules are changed to serve competing interests. This text addresses both formal and informal institutions and the impact of alternative institutions, as well as institutional change and evolution. With its broad applications and numerous practice and discussion questions, this book will be appealing not only to students of economics, but also to those studying sociology, law, and political science. Addresses formal and informal institutions, the impact of alternative institutions, and institutional change and evolution. Presents a framework open to changing preferences, bounded rationality, and evolution. Explains how to form empirically testable hypotheses using experiments, case studies, and econometrics. Includes numerous practice and discussion questions.
Book Synopsis Institutional Change and Globalization by : John L. Campbell
Download or read book Institutional Change and Globalization written by John L. Campbell and published by Princeton University Press. This book was released on 2004-08-15 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about some of the most important problems confronting social scientists who study institutions and institutional change. It is also about globalization, particularly the frequent claim that globalization is transforming national political and economic institutions as never before.
Book Synopsis Dynamics of Institutional Change in Emerging Market Economies by : Nezameddin Faghih
Download or read book Dynamics of Institutional Change in Emerging Market Economies written by Nezameddin Faghih and published by Springer Nature. This book was released on 2021-04-08 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic, social, political, and cultural institutions, and institutional change reflect shared journeys of humanity throughout history. This edited volume explores dynamics, trends, and implications of institutional change in emerging markets, by focusing on theories, concepts, and mechanisms of institutional development. Presenting research by eminent scholars and experts engaged in education and research, they address and discuss the most recent issues in the field, reveals new insights into the dynamics of institutional change for researchers interested in development of new theories and comparative studies, especially in the era of emerging markets. Topics range from dynamics of institutional change and development within the Group of Twenty (G20), and the European Union with an assessment of Brexit impact, to institutional quality measurement, public administration reforms, as well as emergent topics such as the effects of energy and globalization. It provides new international business theories, and sheds light on the way to global peace by producing a better understanding of the dynamics of historical change. The book is intended for a wide range of global audience, and should serve as a useful reference in education and research, offering innovative and productive discussions, as well as satisfy scholarly and intellectual interests, regarding institutional development and a broad spectrum of its interactions with functioning of markets and economies.
Book Synopsis Understanding the Process of Economic Change by : Douglass C. North
Download or read book Understanding the Process of Economic Change written by Douglass C. North and published by Princeton University Press. This book was released on 2010-04-19 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.
Book Synopsis Transition and Economics by : Gérard Roland
Download or read book Transition and Economics written by Gérard Roland and published by MIT Press. This book was released on 2000 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.
