Description
Book Synopsis* Addresses formal and informal institutions, the impact of alternative institutions, and institutional change and evolution. * Presents a framework open to changing preferences, bounded rationality, and evolution. * Explains how to form empirically testable hypotheses using experiments, case studies, and econometrics.
Trade Review“A refreshing alternative to outdated microeconomics texts that endlessly parrot supply and demand, this book offers an analytically sharp, comprehensible, yet accessible guide to the new approaches that are rapidly transforming economics as a discipline.”
Nancy Folbre, University of Massachusetts
“Right from the beginning, Schmid's magnificent volume has individuals interacting with historically-given institutions. There is no isolated Robinson Crusoe here. Schmid’s book is a superb overview of the modern literature on human agency in an institutional setting; it is the best and most comprehensive introduction to this cutting-edge literature in modern economics.” Geoffrey Hodgson, University of Hertfordshire
“I strongly recommend the book both as a teaching resource and as a new broad statement of institutionalist theory.”
Land Economics
Table of ContentsForword by Warren J. Samuels.
Preface.
1. Introduction.
2. Institutional and Behavioral Economics Theory.
3. Behavioral Economics.
4. Individuals and Institutions.
5. Institutions and Organizations.
6. Sources of Human Interdependence.
7. Methods.
8. Markets.
9. Macro-Economic Institutions.
10. Technology, Growth, and Institutions.
11. Labor Institutions.
12. Political Institutions.
13. Institutional Change Analysis.
14. Recapitulation.
References.
Index
