Wolfgang Kasper

Manfred E. Streit

Peter J. Boettke

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 Ð 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 ÔPrimerÕ at the beginning of each chapter to highlight the main issues and their relevance. ¥ Key Concepts such as ÔinstitutionsÕ, Ôeconomic orderÕ, Ôcoordination costsÕ, ÔcompetitionÕ and Ôpublic policyÕ 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.

Property, Competition, Policies

Institutional Economics

Jared Diamond

A Review of Jared Diamond's Collapse: How Societies Choose to Fail Or Succeed

Human Progress - and Collapse?

This book provides an accessible introduction to the burgeoning discipline of institutional economics, and to the central issues of private property rights and their competitive use. The book develops the issues from fundamental premises about human cognition and motivation. This text breaks new ground in that it summarises the contemporary institutional literature in a cohesive manner. The book will not only be welcomed by the student of economics but will also be essential to jurists, business managers, anthropologists, sociologists, political scientists, social historians and moral philosophers.

Wolfgang Kasper

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