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Eirik G. Furubotn is a Research Associate at the Private enterprise Research Center at Texas A & M University. Rudolf Richter is Professor Emeritus of Economics at the University of the Saarland. - Germany
"The second edition of the influential Institutions and Economic
Theory provides a remarkably lucid and conceptually sophisticated
account of the rapidly growing New Institutional Economics
literature. It provides a highly readable analytic overview for
graduate students and faculty interested in learning about the past
and present of the new institutionalist approach in economics"
--Victor Nee, Goldwin Smith Professor and Director of the Center
for the Study of Economy and Society, Cornell University --Victor
Nee (6/6/2005 12:00:00 AM)
"This is an important, timely, and complete update on the rapidly
developing field of the New Institutional Economics. From
transactions costs to contract theory to property rights to the
formation of the state, it is all here. Key theoretical arguments
and insights provided from the latest research are summarized
succinctly and rigorously. This volume is a major addition to the
literature on the roles of transaction costs and institutions in
understanding behavior."
--Gary Libecap, Professor of Entrepreneurial Studies, Economics,
and Law University of Arizona --Gary Libecap (7/1/2005 12:00:00 AM)
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