The Resource Institutional economics : property, competition, policies, Wolfgang Kasper, Manfred E. Streit and Peter J. Boettke

Institutional economics : property, competition, policies, Wolfgang Kasper, Manfred E. Streit and Peter J. Boettke

Institutional economics : property, competition, policies
Institutional economics
Title remainder
property, competition, policies
Statement of responsibility
Wolfgang Kasper, Manfred E. Streit and Peter J. Boettke
This thoroughly revised, extended and updated edition of a critically acclaimed textbook provides an accessible and cohesive introduction to the burgeoning discipline of institutional economics. Requiring only a basic understanding of economics, this lucid and well-written text will be essential reading for undergraduate and postgraduate students wanting to understand the problems of the real world - such as entrepreneurship, innovation, the cost of the welfare state, international financial crises, and economic development. As institutional economics is now revolutionizing policymaking, the book can also serve as a guide to the pressing problems facing policymakers in mature and emergent countries alike
Cataloging source
Dewey number
index present
Literary form
non fiction
Target audience
Institutional economics : property, competition, policies, Wolfgang Kasper, Manfred E. Streit and Peter J. Boettke
Bibliography note
Includes bibliographical references and index
  • zbnus
  • mel
  • Machine generated contents note: 1.Introduction: why institutions matter -- 1.1.Why do institutions matter? -- 1.2.The record of economic growth -- 1.3.Explaining economic growth -- pt. I Foundations -- 2.Definitions: economics, institutions, order and policy -- 2.1.Basic definitions -- 2.2.The precursors of contemporary institutional economics -- 3.Human behaviour -- 3.1.The knowledge problem -- 3.2.Types of behaviour, cognition and bounded rationality: deciphering reality -- 3.3.Motivation: by love, convincing, command, or self-interest -- 3.4.The principal-agent problem -- 4.Fundamental values -- 4.1.Shared, underlying values -- 4.2.Freedom, justice and equity -- 4.3.Security, stability, peace and prosperity -- 4.4.Conservation of the environment -- 5.Institutions: individual rules -- 5.1.Overview: rules and enforcement -- 5.2.Internal institutions -- 5.3.External institutions and the protective function of government -- 5.4.The functions of institutions --
  • Contents note continued: 5.5.The essential properties of effective institutions -- 5.6.The costs of interaction and coordination -- 6.Institutional systems and social order -- 6.1.Social systems and hierarchies of rules -- 6.2.Two kinds of social order -- 6.3.Perceptions of order influence public policy -- 6.4.Rule systems as a central part of culture -- 6.5.Social order and human values: the rule of law -- pt. II Applications -- 7.The institutional foundations of capitalism -- 7.1.Capitalism: property rights and private autonomy -- 7.2.Essential characteristics of property rights -- 7.3.Using property rights: free contracts and transaction costs -- 7.4.Relational contracts, self-enforcement, and the judiciary -- 7.5.The consequences of capitalism -- 7.6.Institutions, which secure the services of money and avert financial crises -- 8.The dynamics of competition -- 8.1.Competition: rivalry and choice -- 8.2.Competition from the suppliers' perspective --
  • Contents note continued: 8.3.Restrictions of economic competition -- 8.4.The competitive system -- 9.Economic organizations -- 9.1.Economic organizations: definition and purposes -- 9.2.Organization costs, relational contracts, and hold-up risks -- 9.3.Ownership and control: the principal-agent problem in business -- 10.Collective action: public policy -- 10.1.Public versus private choice -- 10.2.The functions of government -- 10.3.A liberal model of public policy: order policy -- 10.4.Failures of the social democratic experiment -- 10.5.Political action and rent seeking -- 10.6.Controlling the political agents: authority, rules, openness -- 10.7.Political and economic constitutions -- 11.The international dimension -- 11.1.The growing significance of the international dimension -- 11.2.The institutional framework of international exchanges -- 11.3.Policy issues: international economic order -- 11.4.International monetary arrangements --
  • Contents note continued: 11.5.International migration and cultural integration -- 11.6.Strengthening the open economic order -- 12.The evolution of institutions -- 12.1.Historic reminiscences - the long view on institutional change -- 12.2.Internal institutions: evolution within cultural values and meta rules -- 12.3.Changing the external institutions: political entrepreneurship -- 12.4.Outside challenges: institutional competition -- 12.5.Competitive federalism -- 12.6.The constitution of freedom as a framework for evolution -- 13.Socialism versus capitalism - system transformations -- 13.1.The Soviet experiment and its demise in retrospect -- 13.2.The evolution of socialism in China -- 14.Economic freedom and development -- 14.1.Some growth comparisons -- 14.2.Economic freedom and the consequences -- 14.3.Economic freedom and development -- 14.4.East Asia: institutions and modernization -- 14.5.The spread of reforms --
  • Contents note continued: 14.6.Microeconomic (institutional) reform in mature economies -- 14.7.Western civilization and the p̀rimacy of politics'
Control code
25 cm
2nd ed
xxii, 578 p.
Form of item
regular print reproduction
System control number
  • (OCoLC)808498963
  • kt26990556

Library Locations

    • Deakin University Library - Melbourne Burwood CampusBorrow it
      221 Burwood Highway, Burwood, Victoria, 3125, AU
      -37.846510 145.115099
    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
Processing Feedback ...