Title The decline and rise of institutions : a modern survey of the Austrian contribution to the economic analysis of institutions / Liya Palagashvili (State University of New York, Purchase), Ennio Piano (George Mason University, Virginia), David Skarbek (King's College London)

Published Cambridge, United Kingdom : Cambridge University Press, 2017

Click on the following:
Cambridge Core

Copies

Description 1 online resource (50 pages) Series Elements in Austrian economics, 2399-651X Cambridge elements. Elements in Austrian economics. 2399-651X Summary Institutions are the formal or informal 'rules of the game' that facilitate economic, social, and political interactions. These include such things as legal rules, property rights, constitutions, political structures, and norms and customs. The main theoretical insights from Austrian economics regarding private property rights and prices, entrepreneurship, and spontaneous order mechanisms play a key role in advancing institutional economics. The Austrian economics framework provides an understanding for which institutions matter for growth, how they matter, and how they emerge and can change over time. Specifically, Austrians have contributed significantly to the areas of institutional stickiness and informal institutions, self-governance and self-enforcing contracts, institutional entrepreneurship, and the political infrastructure for development Bibliography Includes bibliographical references Notes Resource, viewed April 2, 2018 Subject Institutional economics. Social institutions -- Economic aspects -- Austria Economic history Institutional economics Social institutions -- Economic aspects SUBJECT Austria -- Economic conditions. http://id.loc.gov/authorities/subjects/sh85009666 Subject Austria Form Electronic book Author Piano, Ennio, author. Skarbek, David, author. ISBN 9781108186179 1108186173

  Permalink