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.
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.
An ambitious and groundbreaking overview of old and new institutional economics that assumes minimal economic knowledge
Authoritative and uptodate
Technical material is presented separately making it ideal for introductory reading
Numerous examples throughout the text showing how concepts can be applied in the real world
John Groenewegen
cooperation dynamics economics institutional economics institutions new institutional economics