New Institutional Economics open a new methodological perspective
in political economy by posing the question of why economic
institutions are created. This state-of-the-art collection examines
this question of Arrow's looking at how these man-made constraints
condition political, economic and social integration both
informally and formally. New developments in game theory are
applied to many case topical studies including corruption, central
bank independence, globalization and other issues in contemporary
economic governance.
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