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Alternative Institutional Structures - Evolution and impact (Paperback)
Loot Price: R1,113
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Alternative Institutional Structures - Evolution and impact (Paperback)
Series: The Economics of Legal Relationships
Expected to ship within 10 - 15 working days
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In the spring on 2006, a workshop was held at Michigan State
University to honour the career of A. Allan Schmid and his writings
about how institutions evolve and how alternative institutions,
including property rights, shape political relationships and impact
economic performance. This edited book is the outcome of the
workshop. It is a collection of original essays that explores
several approaches to understanding the impact of alternative
legal-economic institutions. The collection investigates questions
such as: What are the similarities and differences among the
various strands and approaches? Could parts of the different
approaches be integrated to achieve greater insight into economic
behaviour? Do different analytical problems require different
approaches? Are the various strands of institutionalism actually
saying the same things, but using different language and
perspective? In gathering together authors who represent different
approaches or strands of institutionalism, this book addresses
several different issues such as transactions as the unit of
observation, bounded rationality and learning, power issues
embedded in the concept of efficiency, comparative empirical
analysis, multiple equilibria and institutional diversity within a
given environment, specification of institutional rules and
structures, evolutionary perspectives, decentralized processes, and
the significance of historical content.
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