Items related to Institutions in Economics: The Old and the New Institutional...

Institutions in Economics: The Old and the New Institutionalism (Historical Perspectives on Modern Economics) (Volume 0) - Softcover

Book 2 of 20: Historical Perspectives on Modern Economics

Rutherford, Malcolm

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9780521574471: Institutions in Economics: The Old and the New Institutionalism (Historical Perspectives on Modern Economics) (Volume 0)
Softcover
ISBN 10: 0521574471 ISBN 13: 9780521574471
Publisher: Cambridge University Press, 1996

Synopsis

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.

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From the Back Cover

This book explores the issues surrounding the use of formal or non-formal analytical methods, individuals or holistic approaches, the respective roles of rational choice and rule-following behavior, the relative importance of the spontaneous evolution and deliberative design of institutions, and questions concerning the normative appraisal of institutions.

"About this title" may belong to another edition of this title.

Publisher
Cambridge University Press
Publication date
1996
Language
English
ISBN 10 
0521574471
ISBN 13 
9780521574471
Binding
Paperback
Number of pages
240
Rating
  • 3.80 out of 5 stars
    5 ratings by Goodreads