Institutions, contracts and organizations: Perspectives from new institutional economics
This book presents new original contributions from some of the world's leading economists including Ronald Coase, Douglass North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research program which is having a worldwide impact on the economics profession.
The contributors lay out the fundamental dimensions of the research program with
special emphasis on the interaction between institutional factors, both formal and
informal, and the performance of different arrangements that organize transactions.
After examining the foundations of New Institutional Economics and honoring Ronald
Coase's contribution to the field, they present controversial and conflicting views
on the sources of growth. They place special emphasis on organizations and transactions,
focusing on issues of trust, corruption, enforcement of contracts and modes of organization.
Written by an eminent group of scholars, Institutions, Contracts and Organizations
is an important landmark in the development of New Institutional Economics.
Part I: Foundations
Part II: Homage to Ronald H. Coase
Part III: Sources of Growth: Technology, Natural Endowments or Institutions?
Part IV: Trust, Distrust and Corruption
Part V: Enforcement Issues
Part VI: Institutions and Modes of Organizations
Part VII: Models and Measures