Putting Institutional Economics to Work

Putting Institutional Economics to Work
Author: Robert Picciotto
Publisher: World Bank Publications
Total Pages: 36
Release: 1995-01-01
Genre: Business & Economics
ISBN: 9780821334584

World Bank Technical Paper No. 266. Critiques both beneficial and detrimental government regulations that affect commodity markets in developing countries. Commodity markets require a regulatory environment that encourages private enterprise. Government regulations are needed to foster conditions in which market participants have the incentive and the opportunity to operate successfully. This paper poses the difficult question of which regulations are essential for the development of commodity markets and which become impediments. Government regulations are classified according to whether they are - Essential for the development of competitive markets - Facilitators of developing private market rules - Impediments to market development. The authors use the agricultural market as an example for outlining regulatory strategies and summarize the minimum requirements for market development.

Institutions and Economic Theory

Institutions and Economic Theory
Author: Eirik Grundtvig Furubotn
Publisher: University of Michigan Press
Total Pages: 576
Release: 2000
Genre: Business & Economics
ISBN: 9780472086801

A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.

Institutional Economics

Institutional Economics
Author: Bernard Chavance
Publisher: Routledge
Total Pages: 111
Release: 2008-09-02
Genre: Business & Economics
ISBN: 1134059884

This introduction to institutional economics, follows the history of the field since the early 20th century until the present day. It concentrates on influential authors in the main schools of institutional economics. Institutional economics is defined as economic thought that considers institutions to be relevant for economic theory, and consequently criticizes the neoclassical mainstream for having pushed them out of the discipline; it deals specially with the nature, the origin, the change of institutions, and their effects on economic performance. It is a family of different theories that were initially influential in economics, then lost much of their weight in the middle half of the 20th century, and eventually recovered significant creative vitality and impact in the last twenty years. The book puts the recent developments in historical perspective by showing how important themes like the importance of habits, the role of formal and informal rules, the relation of organizations and institutions, the hierarchy and complementarity of institutions, the evolutionary character of institutional change, have been explored by various authors or schools.

Imperfect Institutions

Imperfect Institutions
Author: Thráinn Eggertsson
Publisher: University of Michigan Press
Total Pages: 272
Release: 2009-10-27
Genre: Business & Economics
ISBN: 0472023543

The emergence of New Institutional Economics toward the end of the twentieth century profoundly changed our ideas about the organization of economic systems and their social and political foundations. Imperfect Institutions explores recent developments in this field and pushes the discussion forward by allowing for incomplete knowledge of social systems and unexpected system dynamics and, above all, by focusing explicitly on institutional policy. Empirical studies extending from Africa to Iceland are cited in support of the theoretical argument. In Imperfect Institutions Thráinn Eggertsson extends his attempt to integrate and develop the new field that began with his acclaimed Economic Behavior and Institutions (1990), which has been translated into six languages. This latest work analyzes why institutions that create relative economic backwardness emerge and persist and considers the possibilities and limits of institutional reform. Thráinn Eggertsson is Professor of Economics at the University of Iceland and Global Distinguished Professor of Politics at New York University. Previously published works include Economic Behavior and Institutions (1990) and Empirical Studies in Institutional Change with Lee Alston and Douglass North (1996).

Institutional Economics

Institutional Economics
Author: Sam Sebesta
Publisher: Routledge
Total Pages: 687
Release: 2018-04-20
Genre: Business & Economics
ISBN: 1351512323

Commons opened Institutional Economics by declaring: ""My point of view is based on my participation in collective activities, from which I here derive a theory of the part played by collective action in control of individual action."" This sentence well summarizes the three key elements of this book--its theoretical intent, the importance Commons gave to his own experience in institutional reform in shaping these ideas, and the focus on the concept of the institution as a collective constraint on individual action.

The Institutional Economics of Water

The Institutional Economics of Water
Author: R. Maria Saleth
Publisher: World Bank Publications
Total Pages: 418
Release: 2004-01-01
Genre: Nature
ISBN: 9780821356562

This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.

Institutional Economics

Institutional Economics
Author: Charles J. Whalen
Publisher: Routledge
Total Pages: 316
Release: 2021-10-28
Genre: Business & Economics
ISBN: 1000462994

Institutional economics is a sociocultural discipline and policy science which draws on the idea that economies are best understood through an appreciation of history, real-world institutions, and socioeconomic interrelations. This book brings together leading institutionalists to examine the tradition’s most essential perspectives and methods. The contributors to the book draw on a broad range of institutional thought from the classic work of Thorstein Veblen, John R. Commons, and Karl Polanyi, to the newer viewpoints of post-Keynesian institutionalism, feminist institutionalism, and environmental institutionalism. Methods range from frameworks used to analyze public policy and institutional change, to modes of analysis including myth busting, historically grounded narratives, and computer-based simulations. Each chapter surveys the origins, development, key features, applications, and frontiers of a particular viewpoint, framework, or mode of analysis. Due consideration is given to both strengths and weaknesses; and woven into the chapters is attention to core institutionalist concepts, including technology, institutions, culture, and complexity. The book provides economists with promising starting points for new research, students with contributions refreshingly in touch with the real world, and policymakers and social scientists with compelling reasons for engaging further with the institutionalist tradition.

Author:
Publisher: KARTHALA Editions
Total Pages: 196
Release:
Genre:
ISBN: 9782811100506

Institutions and Economic Theory

Institutions and Economic Theory
Author: Eirik G. Furubotn
Publisher: University of Michigan Press
Total Pages: 673
Release: 2005-10-21
Genre: Business & Economics
ISBN: 0472030256

This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.

Evaluating Health Projects

Evaluating Health Projects
Author: Susan Stout
Publisher: World Bank Publications
Total Pages: 136
Release: 1997-01-01
Genre: Medical
ISBN: 9780821338810

This book explores the wave of decentralization that has swept through Latin America and the projected institutional changes within the governments in the region. Although it notes the ways in which decentralization implies a critique of past governing patterns, the emphasis is on such potential consequences of governmental change as the strengthening of democratic participation in government and the improvement of local public service. The book draws upon institutional experiments carried out at the state level to examine which decentralization strategies work best in Latin America. It is organized around three major requirements for the success of decentralization: * Establishing the national fiscal framework * Moving government closer to the people * Improving municipal service delivery. Tables illustrate the shift of revenues and expenditures from central authorities to intermediate levels of government.