Overview

A presentation of contributions from some of the world's leading economists, including Ronald Coase, Douglass North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme which is having a world-wide impact on the economics profession. The book lays out the fundamental dimensions of the research programme with special emphasis on the interaction between institutional factors, both informal and formal, and the performance of different arrangements that organize transactions. After examining the foundations of New Institutional Economics and honouring Ronald Coase's contribution to the field, it presents controversial and conflicting views on the sources of growth. It places special emphasis on organizations and transactions, focusing on issues of trust, corruption, enforcement of contracts and modes of organization.

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9781840642254

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Edited by Claude Ménard, Professor of Economics, Centre d'Economie de la Sorbonne, Université de Paris (Panthéon-Sorbonne), France

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