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Economics and Institutions: A Manifesto for a Modern Institutional Economics
Geoffrey M. Hodgson
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Description for Economics and Institutions: A Manifesto for a Modern Institutional Economics
Paperback. Geoffrey Hodgson aims to demonstrate that social institutions play a central role in moulding preferences and guiding action. Num Pages: 264 pages, 0. BIC Classification: KCC. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 229 x 157 x 21. Weight in Grams: 536.
Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints.
Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints.
From this perspective, the author takes on the ‘free marketers’ such as Milton Friedman and the ‘new institutionalism’ of Oliver Williamson. He argues against the neo-classical and Austrian views of the operation of markets, offering instead a convincing new synthesis of the work of Keynes, Veblen, Simon and Marx. ... Read more
This work will be required reading for economics students in their second and third years and will be of interest to students and academics throughout the social sciences.
Show LessProduct Details
Format
Paperback
Publication date
1989
Publisher
John Wiley and Sons Ltd United Kingdom
Number of pages
264
Condition
New
Number of Pages
264
Place of Publication
Oxford, United Kingdom
ISBN
9780745602776
SKU
V9780745602776
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Geoffrey M. Hodgson
Geoffrey Hodgson is Research Professor in Business Studies at the University of Hertfordshire.
Reviews for Economics and Institutions: A Manifesto for a Modern Institutional Economics
"I think that this is a superb book ... what Hodgson has done is to bring together a wide range of themes, and weave them together in a particularly persuasive way. It is a must read for economists predisposed to question contemporary orthodoxy." Richard R. Nelson, Review of Political Economy "This is a landmark ... Read more