Economic Analysis of Institutions and Systems

Released on by S. Pejovich
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  • Economic Analysis of Institutions and Systems Book Detail

  • Author : S. Pejovich
  • Release Date : 2012-12-06
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 235
  • ISBN 13 : 9401164835
  • File Size : 35,35 MB
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Economic Analysis of Institutions and Systems by S. Pejovich PDF Summary

Book Description: Economic Analysis of Institutions and Systems aims to redirect the study of what was previously referred to as comparative economic systems toward analysis of the history and development of institutions, and the effects of alternative institutional arrangements on economic behavior. To this end, the book internalizes into a theoretical framework: (i) the effects of alternative institutions on the costs of transactions and incentive structures; (ii) the effects of the costs of transactions and incentives on economic behavior, and (iii) the evidence for refutable implications of those effects. In the process, it provides the logical premises for various institutions from which refutable implications can be deduced.

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Economics Social Institutions

Economics Social Institutions

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The productive work of widely distributed academic research has contributed substantially, over the postwar period, to important advances in our understanding.