Institutions in economics (Record no. 3730)

MARC details
000 -LEADER
fixed length control field 01994nam a2200169Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250117103644.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 250117s9999 xx 000 0 und d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780521574471
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 330RUT
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Rutherford, Malcolm.
245 #0 - TITLE STATEMENT
Title Institutions in economics
Remainder of title the old and the new institutionalism
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Cambridge
Name of publisher, distributor, etc. Cambridge University Press
Date of publication, distribution, etc. 1994
300 ## - PHYSICAL DESCRIPTION
Extent xi, 225 p. ; 23 cm.
500 ## - GENERAL NOTE
General note Includes bibliographical references (p. 194-213) and index.
520 ## - SUMMARY, ETC.
Summary, etc. This book examines and compares the two major traditions of institutionalist thinking in economics: the 'old' institutionalism of Veblen, Mitchell, Commons, and Ayres, and the 'new' institutionalism developed more recently from neoclassical and Austrian sources and including the writings of Coase, Williamson, North, Schotter, and many others. The discussion is organized around a set of key methodological, theoretical, and normative problems that necessarily confront any attempt to incorporate institutions (defined to include organizations, laws, and social norms) into economics. These are identified in terms of the issues surrounding the use of formal or non-formal analytical methods, individualist or holistic approaches, the respective roles of rational choice and rule-following behavior, the relative importance of the spontaneous evolution and deliberative design of institutions, and questions concerning the normative appraisal of institutions. The old and the new institutionalism have often been paired on opposite sides of these issues, and the issues themselves presented in a series of sharp dichotomies. Professor Rutherford argues, however, that matters are both more complex and more challenging. Although each tradition embodies fascinating insights into the study of economic institutions - their functioning, evolution, and impact on human welfare - neither has as yet provided fully satisfactory answers to the problems identified.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Institutional economics.
Holdings
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        UONGOZI Institute Resources Centre - Dar es Salaam UONGOZI Institute Resources Centre - Dar es Salaam 01/17/2025   330RUT 003772 01/31/2025 01/17/2025 Book