As today’s world develops and evolves, so does its economics. New economic approaches have begun to emerge, but traditional methods are still being implemented. As both systems provide different solutions to society’s economic issues, thoughtful research and analysis is required regarding the tactics and strategies that both theories utilize. Comparative Approaches to Old and New Institutional Economics is an essential reference source that discusses the sequential history of these two economic theories as well as their application to global fiscal disputes. Featuring research on topics such as international relations, business management, and institutionalism, this book is ideally designed for economists, analysts, managers, researchers, practitioners, academicians, and students seeking coverage on the parallel methods of these economic philosophies.

This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.

It is increasingly accepted that 'institutions matter' for economic organization and outcomes. The last decade has seen significant expansion in research examining how institutional contexts affect the nature and behaviour of firms, the operation of markets, and economic outcomes. Yet 'institutions' conceal a multitude of issues and perspectives. Much of this research has been comparative, and followed different models such as 'varieties of capitalism', 'national business systems', and 'social systems of production'. This Handbook explores these issues, perspectives, and models, with the leading scholars in the area contributing chapters to provide a central reference point for academics, scholars, and students.

As we come upon the 30th anniversary of communism’s fall, it is a good time to reexamine what life was like behind the Iron Curtain and how communism impacted people for generations. The study of communication is important as it shows how much effect government type has on the principles its people support. Those interested in promoting and maintaining democratic ideals in countries around the world require a book such as this to better understand the effect communism has had. Impact of Political Socialization on the Support for Democratic Principles: Emerging Research and Opportunities examines life under communism in Czechoslovakia and Hungary with particular attention paid to education, religion, travel, and exposure to Western culture, as well as their transition to democracy and how successful that transition has been. The book makes the case that being politically socialized under communism has made embracing democratic principles more difficult. The evidence for this case is based on 200 interviews conducted in 2017-18 with people who lived in Czechoslovakia and Hungary during communism, present-day analysis of government and politics in the Czech Republic and Hungary, and survey data from the European Social Survey. The main struggles in transitioning to democracy are identified, and it is speculated whether the Czech Republic and Hungary can ever be long-term, fully functioning democracies. The main implications of this publication are how government type during political socialization affects support for democratic principles, and whether the United States could ever be at risk for democratic erosion. The book is intended for political scientists, government officials, historians, academicians, researchers, and students.

With the history of multilateral governance and the impact of the global pandemic, there is no doubt that we are at a transition between the system that marked the decades after the Second World War and a more extensive system of international governance that will characterize the world for the next generation. That system may keep the long-standing promise to serve the world's least advantaged, or it may serve to marginalize them further. For more than a century and a half, the most powerful national governments have created institutions of multilateral governance that promise to make a more inclusive world, a world serving women, working people, the colonized, the “backward,” the destitute, and the despised. That promise and the real impact need deliberation and discussion. The Handbook of Research on Global Institutional Roles for Inclusive Development examines the concepts that have powerfully influenced development policy and, more broadly, examines the role of ideas in these institutions and how they have affected the current development discourse. It enhances the understanding of how these ideas travel within systems and how they are translated into policy, modified, distorted, or resisted. Covering topics such as ethical consumption, academic migration, and sustainable global capitalism, this book is an essential resource for government officials, activists, management, academicians, researchers, students and educators of higher education, and educational administration and faculty.

Nationalist movements remain a force in contemporary American politics, regardless of political party. Recently, social issues have moved to the forefront of American society, and civilian participation in activism is at an all time high. The nationalism that the world started to experience pre-2016, but much more intently post-2016, has impacted international alliances, global strategies, and threatened the fragile stability that had been established in the post-September 11th world. Major political events in more recent times, such as the American election, have brought social issues into stark focus along with placing a spotlight on politics and nationalism in general. Thus, there is an updated need for research on the most current advances and information on nationalism, social movements, and activism in modern times. Global Politics, Political Participation, and the Rise of Nationalism: Emerging Research and Opportunities discusses the ways in which nationalism and nationalist ideologies have permeated throughout America and the international community. This work considers the rise of neo-nationalism stemming from the Tea Party in the United States, Brexit and the era of the Tory Divorce from Europe, contemporary electoral politics that are helping in the spread of nationalist policies and leaders (providing a normalization of policies that are sometimes anti-democratic), the 2020 resurgence of Black Lives Matter after the deaths of George Floyd and Breonna Taylor, and the role of the coronavirus pandemic in helping to shape the world order to come. This book will be ideal for activists, politicians, lawyers, political science professors and researchers, international relations and comparative politics professors and students, practitioners, policymakers, researchers, academicians, and anyone interested in the current state of global politics, nationalism, and activism in political participation.

Both economic research and the history of foreign aid suggest that the largest barriers to development arise from a society's institutions - its norms and rules. This book explains how institutions drive economic development. It provides numerous examples to illustrate the complex, interlocking, and persistent nature of real world rules and norms.

This introduction to institutional economics, follows the history of the field since the early 20th century until the present day. It concentrates on influential authors in the main schools of institutional economics. Institutional economics is defined as economic thought that considers institutions to be relevant for economic theory, and consequently criticizes the neoclassical mainstream for having pushed them out of the discipline; it deals specially with the nature, the origin, the change of institutions, and their effects on economic performance. It is a family of different theories that were initially influential in economics, then lost much of their weight in the middle half of the 20th century, and eventually recovered significant creative vitality and impact in the last twenty years. The book puts the recent developments in historical perspective by showing how important themes like the importance of habits, the role of formal and informal rules, the relation of organizations and institutions, the hierarchy and complementarity of institutions, the evolutionary character of institutional change, have been explored by various authors or schools.

This title was first published in 2001. Using a case study from British Columbia, this book addresses the economies of institutions, institutional change and transactions costs and develops the theory of the New Institutional Economics in the context of forestry institutions. This approach to economic analysis of forestry investment problems will emphasize the understanding of the linkages between the biological as well as institutional attributes of forestry activities.