Wolfgang Kasper, Emeritus Professor of Economics, University of New South Wales, Sydney, Australia
Manfred E. Streit, Emeritus Professor, Max-Planck-Institute of Economics, Jena, Germany
Peter J. Boettke, Professor of Economics, George Mason University, Fairfax, US
This thoroughly revised, extended and updated edition of a critically acclaimed textbook provides an accessible and cohesive introduction to the burgeoning discipline of institutional economics. Requiring only a basic understanding of economics, this lucid and well-written text will be essential reading for undergraduate and postgraduate students wanting to understand the problems of the real world - such as entrepreneurship, innovation, the cost of the welfare state, international financial crises, and economic development. As institutional economics is now revolutionising policy making, the book can also serve as a guide to the pressing problems facing policy makers in mature and emergent countries alike.
Key features include:
- A short 'Primer' at the beginning of each chapter to highlight the main issues and their relevance.
- Key Concepts such as 'institutions', 'economic order', 'coordination costs', competition' and 'public policy' are highlighted and clearly defined.
- International coverage is ensured as the three authors, experienced academic teachers, work in the US, Europe and the Asia Pacific.
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