This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention…
Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of th…
Publisher description: Neoclassical economics assumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limit…
Publisher description: Neoclassical economics assumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limit…
Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions.
Why are some nations rich and others poor? Is it culture, the weather, geography? Perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. Daron Acemoglu and James Robinson conclusively show that it is man-made political and eco…
This is a provocative new theory of political economy explaining why the world is divided into nations with wildly differing levels of prosperity. Why are some nations more prosperous than others? "Why Nations Fail" sets out to answer this question, with a compelling and elegant…
Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions.
Why are some nations rich and others poor? Is it culture, the weather, geography? Perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. Daron Acemoglu and James Robinson conclusively show that it is man-made political and eco…
Why are some nations rich and others poor? Is it culture, the weather, geography? Perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. Daron Acemoglu and James Robinson conclusively show that it is man-made political and eco…
This volume showcases the impact of the work of Douglass C. North, father of the field of new institutional economics.
"After ten rounds of playing the prisoners' dilemma game, subjects were given the possibility of eliminating one of the two actions by plurality. Each subject voted on whether to keep all actions, eliminate D, or eliminate C. After voting, the subject participated in ten more ro…