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Institutional Economics - Perspectives and Methods in Pursuit of a Better World (Paperback)
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Institutional Economics - Perspectives and Methods in Pursuit of a Better World (Paperback)
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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.
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