Governance of Innovation takes the multidimensional nature of innovation as its point of departure, bringing together leading scholars from a variety of backgrounds to provide an authoritative and comprehensive overview of contemporary innovation challenges.
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Firms, Clusters and Institutions in a Changing Setting
Edited by Maarten J. Arentsen, Wouter van Rossum and Albert E. Steenge
Eirik G. Furubotn and Rudolf Richter
To date, the formulation of a systematic theory of the organization of markets has proved to be a difficult task and remains unfinished. Nevertheless, explanations do exist as to why, under given conditions, the basic activities of trade are organized in one particular fashion rather than another. This research review presents a comprehensive overview of the selection of these important papers by authors working in the tradition of the new institutional economics.
An Anatomy of Economic Transactions
Peter A. Cornelisse and Erik Thorbecke
This innovative and important book develops a new framework for analysing exchange that takes place within and outside markets over the course of development.
Affluent Consumption and the Global Economy
This book addresses the challenge posed by J.K. Galbraith over 50 years ago to make a constructive contribution to a different style of economic analysis – the economics of abundance. It identifies a system of abundance inhabited by the ‘people of plenty’ and illustrates that the driver of growth in this system is spending by affluent consumers. This timely book provides essential heterodox economic theory to explain this spending and explore its key drivers and constraints.
Kevin E. Davis
The field of institutional economics has witnessed a surge in interest over recent years and has attracted the attention of a growing number of social scientists. This topical and highly informative collection brings together critical writings on the relationship between institutions and economic performance. The included works encompass seminal cross-country studies of ‘whether institutions matter’, as well as leading examples of within-country studies on the role of specific institutions.
The book incorporates the essential elements of institutional theory and highlights the issues pertaining to the measurement of institutional characteristics and the empirical analyses involving such measurement. It provides the theoretical framework of and empirical evidence on fiscal institutions, covering budgetary rules and procedures as well as fiscal decentralization, and reviews the theoretical framework for monetary institutions such as central bank independence, currency boards, monetary unions and inflation targeting in addition to providing empirical evidence on their effectiveness. The role of bank regulation and supervision is also investigated. This path-breaking and original book will prove a fascinating read for a wide-ranging audience including academics, think tanks, international development agencies and policymakers within the fields of development, economics, heterodox economics and money, banking and finance.
A New Perspective
Jamee K. Moudud
Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists’ Research Group’s microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment.
William A. Jackson
Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory.
Institutions, Technology and Policy in Reregulated Infrastructures
Edited by Rolf W. Kunneke, John Groenewegen and Jean-François Auger
Infrastructures are subject to substantial readjustments of governance structures, often labeled as liberalization, privatization or re-regulation. This affects all traditional infrastructure sectors including communications, energy, transport and water. This study highlights and illustrates some of the major challenges for readjusting the governance of network industries from an economic, institutional, political and technological perspective. The three parts of the book address the institutional design of infrastructures, the role of technology in different sectors and actor behaviour.
Institutional Choices Under Globalisation
Edited by Silvia Sacchetti and Roger Sugden
This innovative book offers a critical perspective on the state of the current global economy, making sense of knowledge-related issues by critically assessing existing institutional choices, as well as pointing to new ways forward.