000 02419cam a22003258i 4500
999 _c28024
_d27995
001 20552529
003 EG-ScBUE
005 20200210110115.0
008 180622s2019 enk f b 001 0 eng d
020 _a9781108461085 (pbk.)
040 _aDLC
_beng
_erda
_cDLC
_dEG-ScBUE
082 0 4 _a330
_bVOI
_222
100 1 _aVoigt, Stefan,
_eauthor.
245 1 0 _aInstitutional economics :
_ban introduction /
_cStefan Voigt, University of Hamburg.
264 1 _aCambridge, United Kingdom :
_bCambridge University Press,
_c2019.
300 _axi, 293 pages ;
_c24 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references and index.
505 0 _aThe basics -- Simple transactions -- Repeated and long-term transactions : on the choice of governance structures with given institutions -- Institutions and collective action -- The relevance of institutions for growth and development -- Explaining differences in external institutions across societies -- Explaining change in internal institutions -- On the need for normative theory -- Consequences for economic policy -- Outlook -- References -- Index.
520 _aWhy is it that some countries become rich while others remain poor? Do markets require regulation to function efficiently? If markets offer an efficient way of exchanging goods, why do individuals even create firms? How are economic transactions organized in the absence of a state that could enforce contracts and guarantee property rights? Institutional economics has allowed social scientists to answer many fundamental questions about the organization and functioning of societies. This introduction to institutional economics is concise, yet easy to understand. It not only caters to students of economics but to anybody interested in this topical research area and its specific subfields. Both formal and informal institutions (such as customs, habits, and traditions) are discussed with respect to their causes and consequences, highlighting the important part they play for economic growth and development.
650 7 _aInstitutional economics.
_2BUEsh
653 _bBUSECO
_cFebruary2020
655 _vReading book
906 _a7
_bcbc
_corignew
_d1
_eecip
_f20
_gy-gencatlg
942 _2ddc
_cBB