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Economics as a Process : Essays in the New Institutional Economics - Richard N. Langlois

Economics as a Process

Essays in the New Institutional Economics

Paperback Published: 24th July 1989
ISBN: 9780521378598
Number Of Pages: 276

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The essays in Economics as a Process are all concerned with exploring theoretical approaches alternative to the conventional or 'neoclassical' paradigm. Among the schools of thought represented are transaction-cost economics: evolutionary theories: modern 'Austrian' economies: law and economics: reliability theory: and the game-theory approach to the economics of social institutions. The essays are united not by a single topic but by a coherent set of themes - themes best described under the heading of the New Institutional Economics. These include an interest in economic processes as well as in states of equilibrium: a sensitivity to the limits and contours of human rationality: and an emphasis on the various sorts of social institutions that aid and inform economic action. But the essays are not solely methodological or critical. They also include substantive essays that illustrate the New Institutional Economics in practice.

The New Institutional Economics: an introductory essay
Three types of market process
Organisation, competition and the growth of knowledge
Uncertainty, signal detection experiments and modelling behaviour
The evolution of rules
The tension between process stories and equilibrium models
Competition as a process: a law and economics perspective
The economics of governance
Capitalism and the factory system
Rationality, institutions and explanation
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521378598
ISBN-10: 0521378591
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 276
Published: 24th July 1989
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 1.58
Weight (kg): 0.41

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