Institutional Dynamics and Economics: An Essential Guide for Understanding Market Failures, Social Dilemmas, and Sustainability Challenges

Sustainable Resource Use: Institutional Dynamics and Economics (Earthscan Research Editions)

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Language	:	English
File size	:	4168 KB
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Screen Reader	:	Supported
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Word Wise	:	Enabled
Print length	:	290 pages

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Institutions are the rules of the game that govern our economic and social interactions. They include formal rules, such as laws and regulations, as well as informal rules, such as norms and customs. Institutions play a vital role in shaping our economic behavior, and they can have a profound impact on our economic outcomes.

Institutional Dynamics and Economics provides a comprehensive overview of the latest research on institutions and their role in economic decision-making. This book is essential reading for anyone interested in understanding how institutions shape our economy and society.

Part I: The Foundations of Institutional Economics

The first part of the book provides a foundation for understanding the study of institutions and their relationship to economic outcomes. The chapters in this part cover the following topics:

• The concept of institutions and their role in economic decision-making
• The different types of institutions and their effects on economic behavior
• The historical evolution of institutions and their impact on economic development

Part II: Institutions and Market Failures

The second part of the book explores the role of institutions in market failures. The chapters in this part cover the following topics:

• How institutions can lead to market failures
• The different types of market failures and their consequences
• The role of government in addressing market failures

Part III: Institutions and Social Dilemmas

The third part of the book examines the role of institutions in social dilemmas. The chapters in this part cover the following topics:

• The concept of a social dilemma and its implications for cooperation
• The role of institutions in promoting cooperation and overcoming social dilemmas
• The design of effective institutions for managing social dilemmas

Part IV: Institutions and Sustainability Challenges

The fourth part of the book explores the role of institutions in sustainability challenges. The chapters in this part cover the following topics:

• The concept of sustainability and its implications for economic decision-making
• The role of institutions in promoting sustainability and addressing environmental degradation
• The design of effective institutions for managing sustainability challenges

Institutional Dynamics and Economics provides a comprehensive overview of the latest research on institutions and their role in economic decision-making. This book is essential reading for anyone interested in understanding how institutions shape our economy and society.

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Sustainable Resource Use: Institutional Dynamics and Economics (Earthscan Research Editions)

5 out of 5

Language	:	English
File size	:	4168 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	290 pages

FREE