02419cam a22003258i 4500 28024 27995 20552529 EG-ScBUE 20200210110115.0 180622s2019 enk f b 001 0 eng d 9781108461085 (pbk.) DLC eng rda DLC EG-ScBUE 330 VOI 22 Voigt, Stefan, author. Institutional economics : an introduction / Stefan Voigt, University of Hamburg. Cambridge, United Kingdom : Cambridge University Press, 2019. xi, 293 pages ; 24 cm text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references and index. The basics -- Simple transactions -- Repeated and long-term transactions : on the choice of governance structures with given institutions -- Institutions and collective action -- The relevance of institutions for growth and development -- Explaining differences in external institutions across societies -- Explaining change in internal institutions -- On the need for normative theory -- Consequences for economic policy -- Outlook -- References -- Index. Why is it that some countries become rich while others remain poor? Do markets require regulation to function efficiently? If markets offer an efficient way of exchanging goods, why do individuals even create firms? How are economic transactions organized in the absence of a state that could enforce contracts and guarantee property rights? Institutional economics has allowed social scientists to answer many fundamental questions about the organization and functioning of societies. This introduction to institutional economics is concise, yet easy to understand. It not only caters to students of economics but to anybody interested in this topical research area and its specific subfields. Both formal and informal institutions (such as customs, habits, and traditions) are discussed with respect to their causes and consequences, highlighting the important part they play for economic growth and development. Institutional economics. BUEsh BUSECO February2020 Reading book 7 cbc orignew 1 ecip 20 y-gencatlg ddc BB 0 0 ddc 0 0 Baccah MAIN MAIN 1ST 2020-02-10 Purchase 875.00 34026 1 330 VOI 000048594 2022-08-24 00:00:00 2020-12-24 1093.75 2020-02-10 BB