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Institutions in Economics: The Old and the New Institutionalism Revised Edition
Contributor(s): Rutherford, Malcolm (Author)

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 ISBN: 0521574471     ISBN-13: 9780521574471
Publisher: Cambridge University Press
OUR PRICE: $51.29  

Binding Type: Paperback - See All Available Formats & Editions
Published: July 1996
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Annotation: This book explores the issues surrounding the use of formal or non-formal analytical methods, individuals or holistic approaches, the respective roles of rational choice and rule-following behavior, the relative importance of the spontaneous evolution and deliberative design of institutions, and questions concerning the normative appraisal of institutions.

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Additional Information
BISAC Categories:
- Business & Economics | Economics - Theory
- Business & Economics | Economic History
Dewey: 330
Series: Historical Perspectives on Modern Economics
Physical Information: 0.62" H x 5.96" W x 8.95" L (0.73 lbs) 240 pages
 
Descriptions, Reviews, Etc.
Publisher Description:
This book examines and compares the two major traditions of thought that have attempted to incorporate institutions within economics. These are the "Old" (or American) Institutionalist tradition of Veblen, Mitchell, Commons and Ayres, and the "New" Institutionalism that has developed more recently from neoclassical and Austrian sources. The discussion is organized around a set of key problems involving the use of formal or nonformal analytical methods, individualist or holistic approaches, the respective roles of rational choice and rule following behavior, the relative importance of spontaneous evolution and deliberative design of institutions, and questions relating to the normative appraisal of institutions.
 
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