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Books > History > History of specific subjects > Economic history
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Institutional Economics (Paperback)
Loot Price: R1,214
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Institutional Economics (Paperback)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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This introduction to institutional economics, follows the history
of the field since the early 20th century until the present day. It
concentrates on influential authors in the main schools of
institutional economics. Institutional economics is defined as
economic thought that considers institutions to be relevant for
economic theory, and consequently criticizes the neoclassical
mainstream for having pushed them out of the discipline; it deals
specially with the nature, the origin, the change of institutions,
and their effects on economic performance. It is a family of
different theories that were initially influential in economics,
then lost much of their weight in the middle half of the 20th
century, and eventually recovered significant creative vitality and
impact in the last twenty years. The book puts the recent
developments in historical perspective by showing how important
themes like the importance of habits, the role of formal and
informal rules, the relation of organizations and institutions, the
hierarchy and complementarity of institutions, the evolutionary
character of institutional change, have been explored by various
authors or schools.
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