Advanced introduction to new institutional economics / / Claude Ménard, Mary M. Shirley.

• VerfasserIn: Menard, Claude,; Shirley, Mary M.,
• TeilnehmendeR: Shirley, Mary M.,; Edward Elgar Publishing,
• Place / Publishing House: Cheltenham, UK : : Edward Elgar Publishing Limited,, 2022.
• Year of Publication: 2022
• Language: English
• Series: Elgar Advanced Introductions
• Physical Description: 1 online resource (194 pages)

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world'AEos leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE'AEos answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited? -- Provided by publisher.

Table of Contents

Contents: Preface -- 1. Building a new paradigm -- 2. Transaction costs -- 3. Property rights -- 4. Contracts -- Part II: Institutional layers -- 5. The organization of transactions -- 6. State and legal institutions -- Part III: Transversal topics -- 7. Institutions and public policy -- 8. Institutional change and development -- 9. Entering new terrains: the future of NIE -- Bibliography -- Index.