Advanced Introduction to New Institutional Economics

by Claude Ménard, Mary M. Shirley

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.

New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?

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This Advanced Introduction is an ideal read for advanced students of economics, political science, management, law and sociology interested in learning about new institutional economics. Policy makers, especially those responsible for business and utility regulation and development policy and assistance, will also benefit from this concise yet detailed book.

200 pages, Hardcover

Published January 31, 2022

Reviews

[H]

It's a five star introductionary book. Very plain and informative about the issue.

[Pablo Paniagua Prieto]

A little too scattered, but a wonderful introduction to modern themes in NIE and the new research agendas associated with institutions and political economy. The bibliography is fantastic.