About the Author

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

Reviews

"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)