This collection of essays comprises some of Rudolf Richter’s important contributions to research on New Institutional Economics (NIE). It deals with the central idea, principles, and methodology of New Institutional Economics and explores its relation to sociology and law. Other chapters examine applications of NIE to various microeconomic and macroeconomic issues in the face of uncertainty, from entrepreneurship to the euro crisis.
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.
Lectures on the Basis of General Equilibrium Theory and the Economics of Institutions
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Exploring the concept of currency orders, this book develops a new framework for understanding monetary theory and policy, expanding on neoclassical ideas. It integrates transaction costs into discussions on money demand and supply, banking, and purchasing power. Key topics include fixed vs. flexible exchange rates, the debate between gold and paper currency, and the role of central banks. Aimed at students familiar with money and banking, it provides a coherent presentation and a comprehensive list of further readings for deeper exploration.
Diese Einführung zeichnet die soziologischen Paradigmen nach, die den meisten Schulen und Theorien zugrunde liegen: das materialistische und das systemtheoretische Paradigma sowie jenes, das den Menschen und sein Handeln in den Mittelpunkt stellt. Ergänzt werden sie durch die Darstellung feministischer und postmoderner Theorien, Ausführungen zu den verschiedenen Formen des Konstruktivismus und Globalisierungstheorien. Der Band macht mit den Wurzeln der Soziologie vertraut und vermittelt Basiswissen, um sich im Feld soziologischer Theorien orientieren zu können.