This collection of essays comprises some of Rudolf Richter’s important contributions to research on New Institutional Economics (NIE). It deals with the central idea, principles, and methodology of New Institutional Economics and explores its relation to sociology and law. Other chapters examine applications of NIE to various microeconomic and macroeconomic issues in the face of uncertainty, from entrepreneurship to the euro crisis.
Author(s): Rudolf Richter (auth.)
Edition: 1
Publisher: Springer International Publishing
Year: 2015
Language: English
Pages: 205
Tags: Economic Theory; Theories of Law, Philosophy of Law, Legal History; Organizational Studies, Economic Sociology; Political Economy; Law and Economics; Organization/Planning
Front Matter....Pages i-xiv
The New Institutional Economics: Its Start, Its Meaning, Its Prospects....Pages 1-35
Uncertainty in Economic Theory from the Perspective of New Institutional Economics....Pages 37-50
New Economic Sociology and New Institutional Economics....Pages 51-75
The Role of Law in the New Institutional Economics in Comparison With the Economic Analysis of Law....Pages 77-96
Entrepreneurs as Surrogate Forward Traders of Goods and Services, Seen from the Viewpoint of New Institutional Economics....Pages 97-110
The Euro Crisis from the Perspective of the Preceding Debates on Fixed Versus Flexible Exchange Rates and the European Currency Union....Pages 111-122
Why Price Stability? A Brief Answer from the Perspective of the New Institutional Economics....Pages 123-134
Bridging Old and New Institutional Economics: Gustav Schmoller, Leader of the Younger German Historical School, Seen with Neoinstitutionalists’ Eyes....Pages 135-160
German “Ordnungstheorie” from the Perspective of the New Institutional Economics....Pages 161-183
Methodology from the Viewpoint of an Economic Theorist: Fifty Years On....Pages 185-194
Back Matter....Pages 195-205