The Evolution of Economic Institutions

Edited by Geoffrey Hodgson ()

in Books from Edward Elgar Publishing

Abstract: It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. This essential reader covers topics such as the relationship between institutions and individuals, institutions and economic development, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting-edge developments in the field but also indicates key directions of future research for institutional and evolutionary economics.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: Z0 (search for similar items in EconPapers)
Date: 2007
ISBN: 9781847200839
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Citations: View citations in EconPapers (22)

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Chapters in this book:

Ch 1 Introduction

Geoffrey Hodgson

Ch 2 Bounded Rationality and Institutionalism

Ugo Pagano

Ch 3 Individual and Aggregate Behaviour: Of Ants and Men

Alan Kirman

Ch 4 Governance of Transactions: A Strategic Process Model

Bart Nooteboom

Ch 5 The Political Economy of the Long Wave

Christopher Freeman

Ch 6 Instituted Economic Processes, Increasing Returns and Endogenous Growth

J. Stanley Metcalfe

Ch 7 Path Dependence, its Critics, and the Quest for ‘Historical Economics’

Paul David

Ch 8 Financial Markets and Economic Development: Myth and Institutional Reality

Jan Kregel

Ch 9 The Meaning of the Market: Comparing Austrian and Institutional Economics

Philippe Dulbecco and Véronique Dutraive

Ch 10 Uncertainty, Intelligence and Imagination: George Shackle’s Guide to Human Progress

Brian Loasby

Ch 11 Evolutionary Themes in the Austrian Tradition: Menger, von Wieser and Schumpeter on Institutions and Rationality

Richard Arena and Sandye Gloria-Palermo

Ch 12 The Relevance Today of Edith Penrose’s Theory of the Growth of the Firm

Margherita Turvani

Ch 13 The Naturalist view of Universal Darwinism: an application to the evolutionary theory of the firm

J. W. Stoelhorst

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