Institutional Analysis and Economic Policy

"The authors of the essays in this book reject the mainstream neoclassical view that the market should rule "uber alles." Examining the problems existing in a number of crucial areas of economic policy, they demonstrate the inadequacy of the orthodox view that markets can generate economic welfare without the guidance of democratically formulated economic policies. Using the principles of the original institutional economics (OIE), they fashion long-term strategies for the formation of economic policies that can accommodate institutional changes necessary to meet the ever-changing circumstances faced by nations in a global economy."--BOOK JACKET.

First sentence: Institutional economics is a policy-oriented science.

Year

2003

Language

English

Publisher

Springer

Editions

3

Pages

591

ISBN

9781402073083

Data source: Wikidata