This wide-ranging and highly accessible introduction presents both the key theories of Original Institutional Economics and New Institutional Economics in a balanced and intuitive way, reserving technical discussions mainly for appendices. The authors have assumed only minimal, principles-level, knowledge of economics on the part of the reader, making the text ideally suited for use as core reading in undergraduate courses as well as in graduate courses where the backgrounds of students are diverse.

About the Authors

JOHN GROENEWEGEN is Professor of Economics of Infrastructures at Delft University of Technology, The Netherlands, and research fellow of the Tinbergen Institute (TI) of the Rotterdam School of Economics, The Netherlands.

ANTOON SPITHOVEN is Assistant Professor at the Utrecht University School of Economics, The Netherlands.

ANNETTE VAN DEN BERG is Assistant Professor at the Utrecht University School of Economics, The Netherlands.

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