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The Economics of Social Institutions
The economics of social institutions has been a well-established research field for over a century, one that continues to expand and to develop new areas of investigation. Here Professor Davis and Dr Christoforou bring together in one easily accessible volume the most significant contributions by leading figures in this area.
More Information
Contributors
Contents
More Information
The economics of social institutions has been a well-established research field for over a century, one that continues to expand and to develop new areas of investigation. Here Professor Davis and Dr Christoforou bring together in one easily accessible volume the most significant contributions by leading figures in this area. The volume provides a comprehensive review of the origins and development of the economics of social institutions and addresses the main theoretical and policy concerns that have occupied scholars and researchers.
With an insightful original introduction by the editors, this collection is a key resource which will make an invaluable contribution to advancing future thinking in this evolving area of study.
With an insightful original introduction by the editors, this collection is a key resource which will make an invaluable contribution to advancing future thinking in this evolving area of study.
Contributors
36 articles, dating from 1898 to 2011
Contributors include: R. Coase, J. Commons, G. Hodgson, K.W. Kapp, D. North, E. Ostrom, K. Polanyi, R. Posner, T. Veblen, O. Williamson
Contributors include: R. Coase, J. Commons, G. Hodgson, K.W. Kapp, D. North, E. Ostrom, K. Polanyi, R. Posner, T. Veblen, O. Williamson
Contents
Contents:
Acknowledgements
Introduction John B. Davis and Asimina Christoforou
PART I EARLY CONTRIBUTIONS
1. Thorstein Veblen (1898), ‘Why is Economics Not an Evolutionary Science?’
2. Walton H. Hamilton (1919), ‘The Institutional Approach to Economic Theory’
3. John R. Commons (1931), ‘Institutional Economics’
4. Karl Polanyi (1957), ‘The Economy As Instituted Process’
5. Anne Mayhew (1987), ‘The Beginnings of Institutionalism’
PART II METHODOLOGICAL AND CONCEPTUAL ISSUES
6. Geoffrey M. Hodgson (2006), ‘What are Institutions?’
7. John R. Searle (2005), ‘What is an Institution?’
8. Mark Granovetter (1985), ‘Economic Action and Social Structure: The Problem of Embeddedness’
9. Fikret Adaman and Yahya M. Madra (2002), ‘Theorizing the “Third Sphere”: A Critique of the Persistence of the “Economistic Fallacy”’
10. Elinor Ostrom (2007), ‘Challenges and Growth: The Development of the Interdisciplinary Field of Institutional Analysis’
PART III OLD INSTITUTIONALISM
11. Warren J. Samuels (1995), ‘The Present State of Institutional Economics’
12. Geoffrey M. Hodgson (1998), ‘The Approach of Institutional Economics’
13. Malcolm Rutherford (2001), ‘Institutional Economics: Then and Now’
14. Tony Lawson (2003), ‘Institutionalism: On the Need to Firm Up Notions of Social Structure and the Human Subject’
PART IV NEW INSTITUTIONALISM
15. Douglass C. North (1991), ‘Institutions’
16. Mancur Olson (1993), ‘Dictatorship, Democracy, and Development’
17. Oliver E. Williamson (2000), ‘The New Institutional Economics: Taking Stock, Looking Ahead’
18. Daron Acemoglu and Simon Johnson (2005), ‘Unbundling Institutions’
PART V SOCIAL COSTS
19. Ronald Coase (1960), ‘The Problem of Social Costs’
20. K. William Kapp (1969), ‘On the Nature and Significance of Social Costs’
PART VI GROWTH AND DEVELOPMENT
21. R.C.O. Matthews (1986), ‘The Economics of Institutions and the Sources of Growth’
22. Dani Rodrik, Arvind Subramanian and Francesco Trebbi (2004), ‘Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development’
23. Richard G. Lipsey (2009), ‘Economic Growth Related to Mutually Interdependent Institutions and Technology’
24. Ha-Joon Chang (2011), ‘Institutions and Economic Development: Theory, Policy and History’
PART VII INSTITUTIONS AND CHANGE
25. Viktor Vanberg and Wolfgang Kerber (1994), ‘Institutional Competition among Jurisdictions: An Evolutionary Approach’
26. Samuel Bowles (1998), ‘Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions’
27. Masahiko Aoki (2007), ‘Endogenizing Institutions and Institutional Changes’
28. Avner Greif and David D. Laitin (2004), ‘A Theory of Endogenous Institutional Change’
29. Paul A. David (1994), ‘Why are Institutions the “Carriers of History”? Path Dependence and the Evolution of Conventions, Organizations and Institutions’
PART VIII INSTITUTIONS AND ORGANIZATIONS
30. Paul J. DiMaggio and Walter W. Powell (1983), ‘The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields’
31. Claude Ménard (1995), ‘Markets as Institutions versus Organizations as Markets? Disentangling Some Fundamental Concepts’
32. Richard A. Posner (2010), ‘From the New Institutional Economics to Organization Economics: With Applications to Corporate Governance, Government Agencies, and Legal Institutions’
PART IX COOPERATIVE INSTITUTIONS
33. Richard Steinberg (1997), ‘Overall Evaluation of Economic Theories’
34. Frederic L. Pryor (1983), ‘The Economics of Production Cooperatives: A Reader’s Guide’
35. Chris Mason, James Kirkbride and David Bryde (2007), ‘From Stakeholders to Institutions: The Changing Face of Social Enterprise Governance Theory’
36. Giulia Galera and Carlo Borzaga (2009), ‘Social Enterprise: An International Overview of its Conceptual Evolution and Legal Implementation’
Acknowledgements
Introduction John B. Davis and Asimina Christoforou
PART I EARLY CONTRIBUTIONS
1. Thorstein Veblen (1898), ‘Why is Economics Not an Evolutionary Science?’
2. Walton H. Hamilton (1919), ‘The Institutional Approach to Economic Theory’
3. John R. Commons (1931), ‘Institutional Economics’
4. Karl Polanyi (1957), ‘The Economy As Instituted Process’
5. Anne Mayhew (1987), ‘The Beginnings of Institutionalism’
PART II METHODOLOGICAL AND CONCEPTUAL ISSUES
6. Geoffrey M. Hodgson (2006), ‘What are Institutions?’
7. John R. Searle (2005), ‘What is an Institution?’
8. Mark Granovetter (1985), ‘Economic Action and Social Structure: The Problem of Embeddedness’
9. Fikret Adaman and Yahya M. Madra (2002), ‘Theorizing the “Third Sphere”: A Critique of the Persistence of the “Economistic Fallacy”’
10. Elinor Ostrom (2007), ‘Challenges and Growth: The Development of the Interdisciplinary Field of Institutional Analysis’
PART III OLD INSTITUTIONALISM
11. Warren J. Samuels (1995), ‘The Present State of Institutional Economics’
12. Geoffrey M. Hodgson (1998), ‘The Approach of Institutional Economics’
13. Malcolm Rutherford (2001), ‘Institutional Economics: Then and Now’
14. Tony Lawson (2003), ‘Institutionalism: On the Need to Firm Up Notions of Social Structure and the Human Subject’
PART IV NEW INSTITUTIONALISM
15. Douglass C. North (1991), ‘Institutions’
16. Mancur Olson (1993), ‘Dictatorship, Democracy, and Development’
17. Oliver E. Williamson (2000), ‘The New Institutional Economics: Taking Stock, Looking Ahead’
18. Daron Acemoglu and Simon Johnson (2005), ‘Unbundling Institutions’
PART V SOCIAL COSTS
19. Ronald Coase (1960), ‘The Problem of Social Costs’
20. K. William Kapp (1969), ‘On the Nature and Significance of Social Costs’
PART VI GROWTH AND DEVELOPMENT
21. R.C.O. Matthews (1986), ‘The Economics of Institutions and the Sources of Growth’
22. Dani Rodrik, Arvind Subramanian and Francesco Trebbi (2004), ‘Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development’
23. Richard G. Lipsey (2009), ‘Economic Growth Related to Mutually Interdependent Institutions and Technology’
24. Ha-Joon Chang (2011), ‘Institutions and Economic Development: Theory, Policy and History’
PART VII INSTITUTIONS AND CHANGE
25. Viktor Vanberg and Wolfgang Kerber (1994), ‘Institutional Competition among Jurisdictions: An Evolutionary Approach’
26. Samuel Bowles (1998), ‘Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions’
27. Masahiko Aoki (2007), ‘Endogenizing Institutions and Institutional Changes’
28. Avner Greif and David D. Laitin (2004), ‘A Theory of Endogenous Institutional Change’
29. Paul A. David (1994), ‘Why are Institutions the “Carriers of History”? Path Dependence and the Evolution of Conventions, Organizations and Institutions’
PART VIII INSTITUTIONS AND ORGANIZATIONS
30. Paul J. DiMaggio and Walter W. Powell (1983), ‘The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields’
31. Claude Ménard (1995), ‘Markets as Institutions versus Organizations as Markets? Disentangling Some Fundamental Concepts’
32. Richard A. Posner (2010), ‘From the New Institutional Economics to Organization Economics: With Applications to Corporate Governance, Government Agencies, and Legal Institutions’
PART IX COOPERATIVE INSTITUTIONS
33. Richard Steinberg (1997), ‘Overall Evaluation of Economic Theories’
34. Frederic L. Pryor (1983), ‘The Economics of Production Cooperatives: A Reader’s Guide’
35. Chris Mason, James Kirkbride and David Bryde (2007), ‘From Stakeholders to Institutions: The Changing Face of Social Enterprise Governance Theory’
36. Giulia Galera and Carlo Borzaga (2009), ‘Social Enterprise: An International Overview of its Conceptual Evolution and Legal Implementation’