Institutions And The Path To The Modern Economy

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Institutions and the Path to the Modern Economy

Author : Avner Greif
Publisher : Cambridge University Press
Page : 536 pages
File Size : 44,9 Mb
Release : 2006-01-16
Category : Business & Economics
ISBN : 0521480442

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Institutions and the Path to the Modern Economy by Avner Greif Pdf

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Institutions, Institutional Change and Economic Performance

Author : Douglass C. North
Publisher : Cambridge University Press
Page : 164 pages
File Size : 51,5 Mb
Release : 1990-10-26
Category : Political Science
ISBN : 0521397340

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Institutions, Institutional Change and Economic Performance by Douglass C. North Pdf

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

The Institutional Economics of Water

Author : R. Maria Saleth,Ariel Dinar
Publisher : World Bank Publications
Page : 418 pages
File Size : 51,9 Mb
Release : 2004-01-01
Category : Nature
ISBN : 0821356569

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The Institutional Economics of Water by R. Maria Saleth,Ariel Dinar Pdf

This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.

Varieties of Capitalism

Author : Peter A. Hall,David W. Soskice
Publisher : Oxford University Press
Page : 557 pages
File Size : 55,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780199247745

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Varieties of Capitalism by Peter A. Hall,David W. Soskice Pdf

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

The Evolution of Economic Institutions

Author : Geoffrey Martin Hodgson
Publisher : Edward Elgar Publishing
Page : 314 pages
File Size : 43,5 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 9781847207036

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The Evolution of Economic Institutions by Geoffrey Martin Hodgson Pdf

This volume documents in a unique manner the momentum the institutionalist, evolutionary research agenda has regained over the past two decades. The thought-provoking contributions come from prominent authors with a rather heterogeneous theoretical background. Nonetheless, they all convene in elaborating on issues that have always been at the core of the institutionalist agenda and show how these issues relate to cutting edge research in modern economics. Ulrich Witt, Max Planck Institute of Economics, Jena, Germany This excellent EAEPE Reader brings together a range of perspectives on the role of institutions in economics. It is very well structured, with parts on microeconomics, macroeconomics, markets and economic evolution. Each part contains chapters written by renowned experts in their respective fields and there is an authoritative introductory chapter by the editor. This Reader is invaluable for economics students and academic economists wishing to better understand how institutions and individual behaviours interact in the economic system. Much of standard economic analysis either ignores institutions or makes overly restrictive assumptions about them the authors in this book show, persuasively, that economics, without an adequate treatment of institutions and institutional change, is of very little scientific worth. John Foster, The University of Queensland, Australia This is a great set of essays. To get the richness they contain, the reader must be already familiar with the broad orientation of the literature on economic institutions. Given that background, I can think of no collection or essays that frame, illuminate, and probe modern institutional economics as well as does this set. Geoffrey Hodgson, who chose the collection, and the authors of the essays, are to be congratulated and thanked. Richard R. Nelson, Columbia University, US It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. This essential reader covers topics such as the relationship between institutions and individuals, institutions and economic development, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting-edge developments in the field but also indicates key directions of future research for institutional and evolutionary economics. Vital reading on one of the most dynamic and rapidly growing areas of research today, The Evolution of Economic Institutions will be of great interest to researchers, students and lecturers in economics and business studies.

Institutions, Institutional Change and Economic Performance

Author : Douglass C. North
Publisher : Cambridge University Press
Page : 231 pages
File Size : 47,5 Mb
Release : 1990-10-26
Category : Political Science
ISBN : 9781139642965

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Institutions, Institutional Change and Economic Performance by Douglass C. North Pdf

Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation. North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organisations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history. He indicates how institutional analysis must be incorporated into neo-classical theory and explores the potential for the construction of a dynamic theory of long-term economic change. Douglass C. North is Director of the Center of Political Economy and Professor of Economics and History at Washington University in St. Louis. He is a past president of the Economic History Association and Western Economics Association and a Fellow, American Academy of Arts and Sciences. He has written over sixty articles for a variety of journals and is the author of The Rise of the Western World: A New Economic History (CUP, 1973, with R.P. Thomas) and Structure and Change in Economic History (Norton, 1981). Professor North is included in Great Economists Since Keynes edited by M. Blaug (CUP, 1988 paperback ed.)

The Politics of Oligarchy

Author : J. Mark Ramseyer,Frances McCall Rosenbluth
Publisher : Cambridge University Press
Page : 250 pages
File Size : 55,9 Mb
Release : 1995
Category : History
ISBN : 0521636493

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The Politics of Oligarchy by J. Mark Ramseyer,Frances McCall Rosenbluth Pdf

This book examines the failure of the Meiji oligarchy to design institutions capable of protecting their hold on power in Japan.

Building States to Build Peace

Author : Charles Call,Vanessa Wyeth
Publisher : Unknown
Page : 0 pages
File Size : 49,8 Mb
Release : 2008
Category : Nation-building
ISBN : 1588264807

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Building States to Build Peace by Charles Call,Vanessa Wyeth Pdf

There is increasing consensus among scholars and policy analysts that successful peacebuilding can occur only in the context of capable state institutions. But how can legitimate and sustainable states best be established in the aftermath of civil wars? And what role should international actors play in supporting the vital process? Addressing these questions, this state-of-the-art volume explores the core challenges involved in institutionalizing postconflict states. The combination of thematic chapters and in-depth case studies covers the full range of the most vexing and diverse problems confronting domestic and international actors seeking to build states while building peace.Charles T. Call is assistant professor of international relations at American University. Editor of Constructing Justice and Security After War, he has conducted field research on postconflict issues in Afghanistan, Bosnia, Central America, Haiti, Kosovo, and West Africa.Contents: Ending Wars, Building States?C.T. Call. Context. The Politics of Security in State Building?B. Rubin. Peacebuilding and Public Finance?C. Lockhart and M. Carnahan. Postconflict Economic Policy?P. Collier. Participation and State Legitimation?K. Papagianni. Justice and the Rule of Law?E. Jensen. The Limits of Bottom-Up State Building?W. Reno. Cross-Cutting Challenges?S. Cliffe and N. Manning. Cases. Somalia?K. Menkhaus. Palestine?R. Brynen. Bosnia?M. Cox. East Timor?E. Bowles and T. Hohe. Afghanistan?J. Sherman. Liberia?M. McGovern. Conclusion. State Building, War, and Peace?C.T. Call.

Handbook of New Institutional Economics

Author : Claude Ménard,Mary M. Shirley
Publisher : Springer Science & Business Media
Page : 875 pages
File Size : 53,7 Mb
Release : 2008-06-27
Category : Business & Economics
ISBN : 9783540693055

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Handbook of New Institutional Economics by Claude Ménard,Mary M. Shirley Pdf

New Institutional Economics (NIE) has skyrocketed in scope and influence over the last three decades. This first Handbook of NIE provides a unique and timely overview of recent developments and broad orientations. Contributions analyse the domain and perspectives of NIE; sections on legal institutions, political institutions, transaction cost economics, governance, contracting, institutional change, and more capture NIE's interdisciplinary nature. This Handbook will be of interest to economists, political scientists, legal scholars, management specialists, sociologists, and others wishing to learn more about this important subject and gain insight into progress made by institutionalists from other disciplines. This compendium of analyses by some of the foremost NIE specialists, including Ronald Coase, Douglass North, Elinor Ostrom, and Oliver Williamson, gives students and new researchers an introduction to the topic and offers established scholars a reference book for their research.

Introduction to Modern Economic Growth

Author : Daron Acemoglu
Publisher : Princeton University Press
Page : 1008 pages
File Size : 49,6 Mb
Release : 2008-12-15
Category : Business & Economics
ISBN : 9781400835775

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Introduction to Modern Economic Growth by Daron Acemoglu Pdf

Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: http://press.princeton.edu/titles/8970.html. For Professors only: To access a complete solutions manual online, email us at: [email protected]

Why Nations Fail

Author : Daron Acemoglu,James A. Robinson
Publisher : Currency
Page : 546 pages
File Size : 54,7 Mb
Release : 2013-09-17
Category : Business & Economics
ISBN : 9780307719225

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Why Nations Fail by Daron Acemoglu,James A. Robinson Pdf

Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

The Ancient Economy

Author : Moses I. Finley
Publisher : Univ of California Press
Page : 228 pages
File Size : 49,9 Mb
Release : 1973
Category : Business & Economics
ISBN : 0520024362

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The Ancient Economy by Moses I. Finley Pdf

"The Ancient Economy holds pride of place among the handful of genuinely influential works of ancient history. This is Finley at the height of his remarkable powers and in his finest role as historical iconoclast and intellectual provocateur. It should be required reading for every student of pre-modern modes of production, exchange, and consumption."--Josiah Ober, author of Political Dissent in Democratic Athens

Public Goods Provision in the Early Modern Economy

Author : Masayuki Tanimoto,R. Bin Wong
Publisher : University of California Press
Page : 348 pages
File Size : 45,9 Mb
Release : 2018-12-04
Category : History
ISBN : 9780520303652

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Public Goods Provision in the Early Modern Economy by Masayuki Tanimoto,R. Bin Wong Pdf

At publication date, a free ebook version of this title will be available through Luminos, University of California Press’s Open Access publishing program. Visit www.luminosoa.org to learn more. Scholarly discussions on economic development in history, specifically those linked to industrialization or modern economic growth, have paid great attention to the formation and development of the market economy as a set of institutions able to augment people’s welfare. The role of specific nonmarket practices for promoting the economic development and welfare has been a distinct concern, typically involving discussion of the state’s economic policies. How have societies tackled those issues that the market did not? To what extent did those solutions reflect the structure of an economy? Public Goods Provision in the Early Modern Economy explores these questions by investigating efforts made for the provision of "public goods" in early modern economies from the perspective of Japanese socioeconomic history during Tokugawa era (1603–1868), and by comparing those cases with others from Europe and China’s economic history. The contributors focus on three areas of inquiry—early modern era welfare policies for the poor, infrastructure, and forest management—to provide both a unique perspective on Japanese public finance at local levels and a vantage point outside of Europe to encourage a more global view of early modern political economies that shaped subsequent modern transformations.

A Culture of Growth

Author : Joel Mokyr
Publisher : Princeton University Press
Page : 424 pages
File Size : 41,9 Mb
Release : 2018
Category : BUSINESS and ECONOMICS
ISBN : 9780691180960

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A Culture of Growth by Joel Mokyr Pdf

Why Enlightenment culture sparked the Industrial Revolution During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture--the beliefs, values, and preferences in society that are capable of changing behavior--was a deciding factor in societal transformations. Mokyr looks at the period 1500-1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the "Republic of Letters" freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China's version of the Enlightenment remained controlled by the ruling elite. Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.

Pre-Modern European Economy

Author : Paolo Malanima
Publisher : BRILL
Page : 449 pages
File Size : 45,8 Mb
Release : 2009
Category : Business & Economics
ISBN : 9789004178229

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Pre-Modern European Economy by Paolo Malanima Pdf

The book provides an overall reconstruction of the European economy, in the global context, from the High Middle Ages until the beginning of Modern Growth in the 19th century.