The decline and rise of institutions : a modern survey of the Austrian contribution to the economic analysis of institutions
著者
書誌事項
The decline and rise of institutions : a modern survey of the Austrian contribution to the economic analysis of institutions
（Cambridge elements, . Elements in Austrian economics / edited by Peter Boettke）
Cambridge University Press, 2017
- : paperback
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注記
Includes bibliographical references
内容説明・目次
内容説明
Institutions are the formal or informal 'rules of the game' that facilitate economic, social, and political interactions. These include such things as legal rules, property rights, constitutions, political structures, and norms and customs. The main theoretical insights from Austrian economics regarding private property rights and prices, entrepreneurship, and spontaneous order mechanisms play a key role in advancing institutional economics. The Austrian economics framework provides an understanding for which institutions matter for growth, how they matter, and how they emerge and can change over time. Specifically, Austrians have contributed significantly to the areas of institutional stickiness and informal institutions, self-governance and self-enforcing contracts, institutional entrepreneurship, and the political infrastructure for development.
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