Individuals, Institutions, and Markets

Individuals, Institutions, and Markets
Author: C. Mantzavinos
Publisher: Cambridge University Press
Total Pages: 336
Release: 2004-05-10
Genre: Business & Economics
ISBN: 9780521548335

This book shows how the institutional framework of a society emerges and how markets within institutions work.

Individuals and Institutions in Medieval Scholasticism

Individuals and Institutions in Medieval Scholasticism
Author: Antonia Fitzpatrick
Publisher: University of London Press
Total Pages: 0
Release: 2020
Genre: Individualism
ISBN: 9781912702275

Individuals and Institutions in Medieval Scholasticism is one of the first pieces of close exploratory scholarship on the fundamental relationship between medieval scholastic thought, individual scholars, and their institutions. The text revolves around these essential questions: What was the relationship between particular intellectuals and their wider networks (including but not limited to "schools"), how did intellectuals shape their institutions, and how were their institutions shaped by them? This theoretically sophisticated collection uses a range of European methodological approaches to address a variety of genres such as commentaries, quodlibetal questions, polemics, epic poetry, and inquisition records, and a range of subject matter including history, practical ethics, medicine, theology, philosophy, the constitution of religious orders, the practice of confession, and the institution of cults. This book will be an important reference point for medieval historians, while also raising questions relevant to those working on individualization and institutionalization in other periods and disciplines.

A Time to Build

A Time to Build
Author: Yuval Levin
Publisher: Basic Books
Total Pages: 230
Release: 2020-01-21
Genre: Political Science
ISBN: 1541699289

A leading conservative intellectual argues that to renew America we must recommit to our institutions Americans are living through a social crisis. Our politics is polarized and bitterly divided. Culture wars rage on campus, in the media, social media, and other arenas of our common life. And for too many Americans, alienation can descend into despair, weakening families and communities and even driving an explosion of opioid abuse. Left and right alike have responded with populist anger at our institutions, and use only metaphors of destruction to describe the path forward: cleaning house, draining swamps. But, as Yuval Levin argues, this is a misguided prescription, rooted in a defective diagnosis. The social crisis we confront is defined not by an oppressive presence but by a debilitating absence of the forces that unite us and militate against alienation. As Levin argues, now is not a time to tear down, but rather to build and rebuild by committing ourselves to the institutions around us. From the military to churches, from families to schools, these institutions provide the forms and structures we need to be free. By taking concrete steps to help them be more trustworthy, we can renew the ties that bind Americans to one another.

The Real World of College

The Real World of College
Author: Wendy Fischman
Publisher: MIT Press
Total Pages: 406
Release: 2022-03-22
Genre: Education
ISBN: 0262046539

Why higher education in the United States has lost its way, and how universities and colleges can focus sharply on their core mission. For The Real World of College, Wendy Fischman and Howard Gardner analyzed in-depth interviews with more than 2,000 students, alumni, faculty, administrators, parents, trustees, and others, which were conducted at ten institutions ranging from highly selective liberal arts colleges to less-selective state schools. What they found challenged characterizations in the media: students are not preoccupied by political correctness, free speech, or even the cost of college. They are most concerned about their GPA and their resumes; they see jobs and earning potential as more important than learning. Many say they face mental health challenges, fear that they don’t belong, and feel a deep sense of alienation. Given this daily reality for students, has higher education lost its way? Fischman and Gardner contend that US universities and colleges must focus sharply on their core educational mission. Fischman and Gardner, both recognized authorities on education and learning, argue that higher education in the United States has lost sight of its principal reason for existing: not vocational training, not the provision of campus amenities, but to increase what Fischman and Gardner call “higher education capital”—to help students think well and broadly, express themselves clearly, explore new areas, and be open to possible transformations. Fischman and Gardner offer cogent recommendations for how every college can become a community of learners who are open to change as thinkers, citizens, and human beings.

The Evolution of Economic Institutions

The Evolution of Economic Institutions
Author: Geoffrey Martin Hodgson
Publisher: Edward Elgar Publishing
Total Pages: 314
Release: 2007-01-01
Genre: Business & Economics
ISBN: 1847207030

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.

Understanding Institutions

Understanding Institutions
Author: Francesco Guala
Publisher: Princeton University Press
Total Pages: 254
Release: 2016-07-12
Genre: Philosophy
ISBN: 0691171785

A groundbreaking new synthesis and theory of social institutions Understanding Institutions proposes a new unified theory of social institutions that combines the best insights of philosophers and social scientists who have written on this topic. Francesco Guala presents a theory that combines the features of three influential views of institutions: as equilibria of strategic games, as regulative rules, and as constitutive rules. Guala explains key institutions like money, private property, and marriage, and develops a much-needed unification of equilibrium- and rules-based approaches. Although he uses game theory concepts, the theory is presented in a simple, clear style that is accessible to a wide audience of scholars working in different fields. Outlining and discussing various implications of the unified theory, Guala addresses venerable issues such as reflexivity, realism, Verstehen, and fallibilism in the social sciences. He also critically analyses the theory of "looping effects" and "interactive kinds" defended by Ian Hacking, and asks whether it is possible to draw a demarcation between social and natural science using the criteria of causal and ontological dependence. Focusing on current debates about the definition of marriage, Guala shows how these abstract philosophical issues have important practical and political consequences. Moving beyond specific cases to general models and principles, Understanding Institutions offers new perspectives on what institutions are, how they work, and what they can do for us.

Individual Strategy and Social Structure

Individual Strategy and Social Structure
Author: H. Peyton Young
Publisher: Princeton University Press
Total Pages: 208
Release: 2020-06-16
Genre: Business & Economics
ISBN: 0691214255

Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of their environment, are sometimes short-sighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into customs, norms, and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties. The ideas are illustrated through a variety of examples, including patterns of residential segregation, rules of the road, claims on property, forms of economic contracts, and norms of equity. The book relies on new results in evolutionary game theory and stochastic dynamical systems theory, many of them originated by the author. It can serve as an introductory text, or be read on its own as a contribution to the study of economic and social institutions.

Rebuilding Public Institutions Together

Rebuilding Public Institutions Together
Author: Albert W. Dzur
Publisher: Cornell University Press
Total Pages: 81
Release: 2017-10-15
Genre: Political Science
ISBN: 1501721992

The Laurence and Lynne Brown Democracy Medal is an initiative of the McCourtney Institute for Democracy at Pennsylvania State University. It annually recognizes outstanding individuals, groups, and organizations that produce exceptional innovations to further democracy in the United States or around the world. In this book, Albert W. Dzur argues that some of the most innovative and important work in democracy is taking place face-to-face and is being led by professionals who bring those involved into the decision making process. These "democratic professionals" create a culture that leads to better decisions and overcomes what he calls "civic lethargy." He focuses on how this democratic professionalism manifests itself in the operation of a wide range of public institutions, including schools and local government, as well as in the reform of our criminal justice system, from juries to prisons.

Global Institutions and Social Knowledge

Global Institutions and Social Knowledge
Author: Virginia M. Walsh
Publisher: MIT Press
Total Pages: 196
Release: 2004-05-21
Genre: Political Science
ISBN: 9780262265102

This theoretical and empirical study examines the influence of global institutions on the generation of scientific knowledge. Virginia Walsh's approach reverses the traditional focus of international relations literature—which most often deals with how scientific knowledge influences institutions—and offers an original way to look at international environmental governance. After proposing a theory of institutional mechanisms by which global institutions shape the generation of knowledge, the book turns to detailed case studies of two institutions in the under- studied but vital area of marine science, the Scripps Institute of Oceanography and the Inter-American Tropical Tuna Commission, to illustrate these mechanisms. In part 1, "Theory," the book identifies three specific mechanisms or "fixes" that provide the means by which institutions shape the generation and use of knowledge. With the positional fix, key individuals use their social roles or positions in an institution to influence the beliefs of members or fix the direction of research. The statutory fix occurs when beliefs gain acceptance as a consequence of being embedded in rules or treaties. The committee fix is illustrated in the regularized practices through which social groups accept statements as group beliefs. Part 2, "Evidence," shows these mechanisms at work in the two case studies. The Scripps Institution, for example, illustrates the positional fix, as successive directors used their position to frame research. The Inter-American Tropical Tuna Commission, on the other hand, exemplifies both the statutory fix and the committee fix in its regulatory actions.

Public Norms and Aspirations

Public Norms and Aspirations
Author: Willem Salet
Publisher: Routledge
Total Pages: 280
Release: 2018-03-05
Genre: Architecture
ISBN: 1351619519

The aspirations of individuals, organizations, and states, and their perceptions of problems and possible solutions circulate fast in this instantaneous society. Yet, the deliberation of the underlying public norms seems to escape the attention of the public. Institutions enable people to have reliable expectations of one another even when they are unsure of each other's aspirations and purposes. Public norms enable people to act under conditions of increasing uncertainty. To fulfill this role in society, institutions need enhancement, maintenance, and innovation. Public Norms and Aspirations aims to improve the methodology of planning research and practice by exploring the co-evolution of institutional innovation and the philosophy of pragmatism in processes of action. As most attention in planning research and planning practices goes to the pragmatic approaches of aspirations and problem solving, the field is awaiting an upgrade of institutional perspectives. This book aims to explore the interaction of institutional and pragmatic thought and to suggest how these two approaches might be integrated and applied in successful planning research. Searching this combination at the interface of sociology, planning, and law, Salet opens a unique niche in the existing planning literature.