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PRICING, VALUATION AND SYSTEMS

Name: PRICING, VALUATION AND SYSTEMS
Brand: Edward Elgar Publishing Ltd
SKU: 9781852789763
Price: 149.52 EUR
Availability: InStock

Essays in Neoinstitutional Economics

Autor: Marc R. Tool

Jazyk:

Väzba: Pevná

Vydavateľ: Edward Elgar Publishing Ltd

Dostupnosť: Skladom u dodávateľa

Odosielame za 14-20 dní

149.52 €

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

Informácie o knihe

Autor

Marc R. Tool

Jazyk

Angličtina

Väzba

Kniha - Pevná

Vydalo

1995

Stránok

256

EAN

9781852789763

Enbook ID

05110893

Vydavateľ

Edward Elgar Publishing Ltd

Hmotnosť

559

Rozmery

156 x 234 x 24

Kompletný popis

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.