Central Issues in Contemporary Economic Theory & Policy

1 total work

Institutions and Economic Organization in the Advanced Economies

by Luigi Paganetto

Published 12 October 1998

New Institutional Economics open a new methodological perspective in political economy by posing the question of why economic institutions are created. This state-of-the-art collection examines this question of Arrow's looking at how these man-made constraints condition political, economic and social integration both informally and formally. New developments in game theory are applied to many case topical studies including corruption, central bank independence, globalization and other issues in contemporary economic governance.