Morris Altman is currently Professor of Behavioural and Institutional Economics
and Dean of the Newcastle Business School at the University of Newcastle, Australia.
It is high time that policymakers look towards unconventional policy options of the likes of modern monetary policy, and a political economic and heterodox institutional economics
Theories from the domain of new institutional economics
accentuate the importance of strong institutions in overall economic progress of a nation.
In our view, this clearly articulates a perspective of institutional economics
that emphasizes social embeddedness of economic behavior.
helps us understand, counter-intuitively, why this doomsaying actually helps make new technologies better.
David Lindsay (journalist and activist, Lanchester, County Durham); Professor Geoffrey Hodgson (Research Professor in Business Studies and Editor-in-Chief of the Journal of Institutional Economics
, University of Hertfordshire); Neil Clark (writer and broadcaster); James Draper (journalist and activist, Lanchester, County Durham)
This book provides a look at the economic history of ancient Egypt covering the entire pharaonic period, 3000-30 BCE, and employing a New Institutional Economics
approach to argue that the ancient Egyptian state encouraged an increasingly widespread and sophisticated use of writing through time, primarily in order to better document and more efficiently exact taxes for redistribution.
And political scientists, drawing on the New Institutional Economics
literature, have examined infrastructure investment in the developing world, evaluating the relations between endogenous institutions and private investment.
And he also sees limits in the way New Institutional Economics
and the varieties of institutional approaches might effectively explain his problem.
During the past decades, the theoretical and empirical work aligned with New Institutional Economics
sought to understand the factors that determine which transactions will run through the market and which will run within the firms.