Institutional Change and Economic Behaviour

by Kornai, János; Mátyás, László; Roland, Gérard

• ISBN13: 9780230546981
• ISBN10: 0230546986
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-03-15
• Publisher: Palgrave Macmillan

Summary

This book explores institutional change and economic behaviour through examining the transition process in the eight former socialist countries that became members of the EU in 2004, looking at the phenomenal growth that has been taking place in China in the last three decades, offering a historical perspective on the causes of economic underdevelopment in the Middle East, and discussing just how much of the neo-classical paradigm is refuted by the evidence produced by experimental economics in recent years. In addition, a conceptual framework is proposed for analyzing mechanisms of institutional change,and an evolutionary model and agent-based model are developed.

Author Biography

János Kornai is President of the International Economic Association and is affiliated with the University of Budapest, Hungary. László Mátyás is with Central European University, Hungary. Gérard Roland is Professor of Economics and Political Science, University of California, Berkeley.

Table of Contents

List of Tables/Figures	p. vii
List of Abbreviations and Acronyms	p. ix
List of Contributors	p. x
The International Economic Association	p. xi
Acknowledgements	p. xiii
Introduction	p. xvi
The Great Transformation of Central Eastern Europe: Success and Disappointment	p. 1
Transformation in China	p. 38
Institutional Causes of Economic Underdevelopment in the Middle East: a Historical Perspective	p. 64
Understanding the Great Changes in the World: Gaining Ground and Losing Ground since World War II	p. 77
The Schumpeterian Approach to Education and Growth	p. 99
Analysing Institutional Change: Integrating Endogenous and Exogenous Views	p. 113
Fast-Moving and Slow-Moving Institutions	p. 134
The Endowment Effect and the Origin of Private Property	p. 160
The Complex Evolution of a Simple Traffic Convention: the Functions and Implications of Habit	p. 178
Implications of Behavioural Game Theory for Neoclassical Economic Theory	p. 200
Index	p. 215
Table of Contents provided by Ingram. All Rights Reserved.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Rewards Program

Currently unavailable