Introduction to the economics of institutions
Different schools of economic theory have been developed over the years to interpret economic phenomena, behaviors, and outcomes. It is generally acknowledged that these phenomena, behaviors, and outcomes (decisions, transactions, and welfare impacts) are shaped by (1) formal economic institutions a...
| Main Authors: | , , |
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| Format: | Book Chapter |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2009
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/161869 |
| Summary: | Different schools of economic theory have been developed over the years to interpret economic phenomena, behaviors, and outcomes. It is generally acknowledged that these phenomena, behaviors, and outcomes (decisions, transactions, and welfare impacts) are shaped by (1) formal economic institutions and rules; (2) culture, values, and conventions; and (3) social networks. Works associated with the various schools of theory place differing emphases. |
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