Institutions in Economics: The Old and the New Institutionalism (Historical Perspectives on Modern Economics)

Type
Book
Authors
Rutherford ( Malcolm Rutherford )
 
ISBN 10
0521451892 
ISBN 13
9780521451895 
Category
Unknown  [ Browse Items ]
Edition
 
Publication Year
1994 
Pages
240 
Tags
 
Abstract
 
Description
This book examines and compares the two major traditions of thought that have attempted to incorporate institutions within economics. These are the "Old" (or American) Institutionalist tradition of Veblen, Mitchell, Commons and Ayres, and the "New" Institutionalism that has developed more recently from neoclassical and Austrian sources. The discussion is organized around a set of key problems involving the use of formal or nonformal analytical methods, individualist or holistic approaches, the respective roles of rational choice and rule following behavior, the relative importance of spontaneous evolution and deliberative design of institutions, and questions relating to the normative appraisal of institutions. - from Amzon 
Biblio Notes
 
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