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The Frontiers of the New Institutional Economics
ISBN-13:
9780122222405
ISBN-10:
0122222407
Author:
John V.C. Nye, John N. Drobak
Publication date:
1997
Publisher:
Emerald Group Pub Ltd
Format:
Paperback
374 pages
Category:
Economics
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Book details
ISBN-13:
9780122222405
ISBN-10:
0122222407
Author:
John V.C. Nye, John N. Drobak
Publication date:
1997
Publisher:
Emerald Group Pub Ltd
Format:
Paperback
374 pages
Category:
Economics
Summary
The Frontiers of the New Institutional Economics (ISBN-13: 9780122222405 and ISBN-10: 0122222407), written by authors
John V.C. Nye, John N. Drobak, was published by Emerald Group Pub Ltd in 1997.
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Description
The New Institutional Economics incorporates a theory of institutions into economics. It builds upon the fundamental assumptions of scarcity and competition but abandons institutional rationality. Consequently, NIE assumes that individuals make choices based on incomplete information and limited mental capacity, forming institutions to reduce uncertainty in human exchange. These insights have implications for technological change, property rights, and public choice. The Frontiers of the New Institutional Economics presents new essays written specifically for this volume. These essays Provide an introduction to the nature and practice of the New Institutional Economics, with a special emphasis on economic history and political economy. Among the contributors are Nobel Prize winners Douglass North and Robert Fogel.Key Features* Contains essays by Nobel Prize winners Douglass North and Robert Fogel* Presents a field of economics useful to students of political science and sociology.* Applicable to studies of technological change, property rights, and public choice
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