Volume 51. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. Clean from markings. In fair condition, suitable as a study copy. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,750grams, ISBN:9780415339674.

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Bibliographic Details

Title

Routledge Studies in Development Economics: Evolution of Markets and Institutions: A Study of An Emerging Economy (Volume 51)

Publisher

Routledge

Publication Date

2006

Language

English

ISBN 10

0415339677

ISBN 13

9780415339674

Binding

Hardcover

Condition

Fair

Weight

750 grams

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Economics

About this title

Synopsis

The new institutional economics has been one of the most influential schools of thought to emerge in the past quarter century. Taking its roots in the transaction cost theory of the firm as an economic organization rather than purely a production function, it has been developed further by scholars such as Oliver Williamson, Douglas North and their followers, leading to the rich and growing field of the new institutional economics.

This branch of economics stresses the importance of institutions in the functioning of free markets, which include elaborately defined and effectively enforced property rights in the presence of transaction costs, large corporate organizations with agency and hierarchical controls, formal contracts, bankruptcy laws, and regulatory institutions. In this timely volume, Murali Patibandla applies some of the precepts of the new institutional economics to India - one of the world's most promising economies.

About the Author

Murali Patibandla

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

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