Institutional Analysis and Economic Policy
Contributors: Paul Dale Bush (Editor)
Edition: 1 edition
Publisher: Springer
Published: January 31, 2003
Language: eng
Format: Hardcover
Number of pages: 591
ISBN-13: 9781402073083
Subjects: Political economy; Economic Theory; Business & Economics; Business / Economics / Finance; Business/Economics; Industrialized / developed countries; Economics - Theory; Public Policy - Economic Policy; Political Science / General; Development - Economic Development; Economic Policy; Institutional economics
First sentence: Institutional economics is a policy-oriented science.
Description: "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.