Recent Developments in Institutional Economics

Edited by Geoffrey M. Hodgson, Emeritus Professor, Loughborough University London, UK

'This valuable collection provides a detailed look at recent developments in institutional economics. The essays pay due attention to both the old and the new institutional traditions and show that there is potential for a synthesis between them.'

• Contents:AcknowledgementsIntroduction Geoffrey M. HodgsonPART ITHREE OVERVIEWS 1. Malcolm Rutherford (2001), ‘Institutional Economics: Then and Now’2. Richard R. Nelson and Bhaven N. Sampat (2001), ‘Making Sense of Institutions as a Factor Shaping Economic Performance’3. J. Rogers Hollingsworth (2000), ‘Doing Institutional Analysis: Implications for the Study of Innovations’PART IIMETHODOLOGY, INSTITUTIONS AND INDIVIDUALS 4. Ekkehart Schlicht (1998), ‘The Texture of Custom’5. Samuel Bowles (1998), ‘Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions’6. Geoffrey M. Hodgson (1998), ‘The Approach of Institutional Economics’PART IIITHE CHANGING NEW INSTITUTIONAL ECONOMICS 7. Douglass C. North (1991), ‘Institutions’8. Jack Knight (1992), ‘Introduction’9. Arthur T. Denzau and Douglass C. North (1994), ‘Shared Mental Models: Ideologies and Institutions’10. Avner Greif (1998), ‘Historical and Comparative Institutional Analysis’11. Peter Howitt and Robert Clower (2000), ‘The Emergence of Economic Organization’12. Oliver E. Williamson (2000), ‘The New Institutional Economics: Taking Stock, Looking Ahead’13. Masahiko Aoki (2001), ‘What are Institutions? How Should We Approach Them?’PART IVHABITS, NORMS AND KNOWLEDGE 14. David Lane, Franco Malerba, Robert Maxfield and Luigi Orsenigo (1996), ‘Choice and Action’15. Andy Clark (1997), ‘Economic Reason: The Interplay of Individual Learning and External Structure’16. Geoffrey M. Hodgson (1997), ‘The Ubiquity of Habits and Rules’17. Paul Twomey (1998), ‘Reviving Veblenian Economic Psychology’18. Giovanni Dosi, Luigi Marengo, Andrea Bassanini and Marco Valente (1999), ‘Norms as Emergent Properties of Adaptive Learning: The Case of Economic Routines’19. Richard N. Langlois (2001), ‘Knowledge, Consumption, and Endogenous Growth’20. Jason Potts (2001), ‘Knowledge and Markets’PART VPROPERTY, MONEY AND THE STATE 21. Itai Sened (1997), ‘Conclusion: The Political Origin of Human Rights’22. Gunnar Heinsohn and Otto Steiger (2000), ‘The Property Theory of Interest and Money’23. Stephanie Bell (2001), ‘The Role of the State and the Hierarchy of Money’PART VIMARKETS AS INSTITUTIONS 24. Dhananjay K. Gode and Shyam Sunder (1993), ‘Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality’25. Philip Mirowski and Koye Somefun (1998), ‘Markets as Evolving Computational Entities’26. Brian J. Loasby (2000), ‘Market Institutions and Economic Evolution’Name Index