Institutions and Economic Theory

Institutions and Economic Theory

The Contribution of the New Institutional Economics

eBook - 2005
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This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach.

Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included.

Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University.

Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.


Explores the NIE with a critical assessment of its theoretical contributions


Publisher: Ann Arbor : University of Michigan Press, 2005
Edition: 2nd ed
ISBN: 9780472027149
047202714X
0472030256
9780472030255
Characteristics: 1 online resource (xviii, 653 pages) : illustrations
data file,rda
Additional Contributors: Richter, Rudolf 1926-

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