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The discussions are set in the framework of the 'new institutional economics' which encompasses the fundamental legal, political and social rules that establish the basis for production, exchange and distribution. Understanding these factors implies a reform effort which is broad-based and multi-pronged and which takes into account incentives for the stakeholders in both the private and public sectors. The original essays in this volume illustrate the efficacy of ...
Many of economics' recent successes have been outside the traditional boundaries of the discipline. Modern economics has had a deep influence on thinking in other social sciences leading to the theoretical integration of all the social sciences under an overarching paradigm. This important volume illustrates the intellectual advances that account for this unified view of economies and societies. The editors and contributors discuss and analyze the interaction ...