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PRICING, VALUATION AND SYSTEMS

Name: PRICING, VALUATION AND SYSTEMS
Brand: Edward Elgar Publishing Ltd
SKU: 9781852789763
Price: 157.13 EUR
Availability: InStock

Essays in Neoinstitutional Economics

Автор: Marc R. Tool

Език:

Корици: С твърди корици

Издател: Edward Elgar Publishing Ltd

Наличност: Външен склад

Изпращаме след 14-20 дни

157.13 € 307.31 лв

This volume re-introduces American neoinstitutional economics as an alternative to the neoclassical...

Информация за книгата

Автор

Marc R. Tool

Език

Английски език

Корици

Книга - С твърди корици

Издадена

1995

страници

256

EAN

9781852789763

Enbook ID

05110893

Издател

Edward Elgar Publishing Ltd

Теглоt

559

Размери

156 x 234 x 24

Пълно описание

This volume re-introduces American neoinstitutional economics as an alternative to the neoclassical orthodoxy. It argues that neoinstitutionalism provides a pragmatic analysis that confirms that most prices and costs are set by empowered discretionary agents, not by impersonal free markets. Similarly, the institutional fabric of contemporary economic systems is shown to be defined by agents with power, not natural laws or "ISM" models. The author's analysis is based upon the instrumental value theory of neoinstitutionalism rather than the utility value theory of neoclassicism. It challenges the price theory "heartland" of neoclassical theory and the "market stock" approach to restructuring Eastern Europe and offers neoinstitutional alternatives.