This book explores institutional change and economic behaviour
through examining the transition process in the eight former
socialist countries that became members of the EU in 2004, looking
at the phenomenal growth that has been taking place in China in the
last three decades, offering a historical perspective on the causes
of economic underdevelopment in the Middle East, and discussing
just how much of the neo-classical paradigm is refuted by the
evidence produced by experimental economics in recent years. In
addition, a conceptual framework is proposed for analyzing
mechanisms of institutional change, and an evolutionary model and
agent-based model are developed.
General
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