A major contribution to an area of debate still in its formative phase. It offers new perspectives on both the micro-foundations of economics and the long run d

The new institutional economics is one of the the most important new bodies of theory to emerge in economics in recent years. The contributors to this volume ad

Contributors to this volume address the significance of new institutional economics to third world development. It includes articles from Douglas North, politic

As today’s world develops and evolves, so does its economics. New economic approaches have begun to emerge, but traditional methods are still being implemente

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis