Economic institutions and complexity : structures, interactions and emergent properties

Bibliographic Information

Economic institutions and complexity : structures, interactions and emergent properties

Karl-Ernst Schenk

(New horizons in institutional and evolutionary economics)

Edward Elgar, c2003

Other Title

New institutional dimensions of economics

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Note

Rev. ed. of: New institutional dimensions of economics, c1988

Bibliography: p. 165-181

Includes index

Description and Table of Contents

Description

This book presents a concept of interactive economic institutions and systems, considered by the author to be a bottleneck to scientific progress. In the author's evaluation of contemporary institutional economics, the focus is on the interaction of complex economic structures in terms of their coordination routines, emergent behavioural characteristics and also their economic performance. Differences of behaviour characteristics and economic performances are explained as consequences of differently structured coordination routines. The book demonstrates that complexity, rather than being part of the problem of institutional analysis, can be made part of the solution. Economic Institutions and Complexity will appeal to academics and researchers of New Institutional Economics, microeconomics, evolutionary economics, political science, organization sociology and behavioural science.

Table of Contents

Contents: Preface Introduction Part I: Paradigms and Reasoning 1. Paradigms: Property Rights and Transaction Cost Analysis 2. How to Represent Economic Institutions and Systems Part II: Towards Complex Morphology 3. Systems, Components and Links 4. Coordination Routines: Economic Policy Regimes 5. Coordination Routines: Governance 6. Behaviour and Multi-level Morphology Part III: Analysis of Complex Morphology 7. System Patterns: Dominant Governmental Direction 8. System Patterns: Dominant Regulatory Regimes 9. System Patterns: Dominant Commercial Regimes 10. Conclusion: Complexity, Emergence and Specification Bibliography Index

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