New Institutional Economics as Situational Logic is popular PDF and ePub book, written by Piet de Vries in 2023-08-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, New Institutional Economics as Situational Logic can be Read Online from any device for your convenience.
New Institutional Economics as Situational Logic Book PDF Summary
Drawing on phenomenological and realist approaches, this book surveys the theoretical evolution of new institutional economics. For all its popularity and explanatory power, new institutional economics is not a homogenous field but encompasses a range of different theoretical approaches starting from Coase and the introduction of transaction costs. In particular, the concept of rationality is a rich source of dispute leading to a bifurcation between ‘insider’ and ‘outsider’ perspectives. The insider view refers to studying conscious human beings – the economic actor – who seek their self-interest and find themselves in their mundane situation. The self-interest of the economic actor bestows him with logic. It makes the logic of the situation the method of economics, as Karl Popper establishes. Thus, the book argues for the positioning of new institutional economics as situational logic, that is, an economic theory that formulates and studies single-exit situations that face the economic actor. Ultimately, this book presents a critical appraisal of new institutional economics theories based on a substantiated methodological perspective that effectively navigates the theorist between realism and rigor. This book will be of interest to readers of new institutional economics, economic theory, and the philosophy of economics and social sciences.
Detail Book of New Institutional Economics as Situational Logic PDF
- Author : Piet de Vries
- Release : 04 August 2023
- Publisher : Taylor & Francis
- ISBN : 9781317653639
- Genre : Business & Economics
- Total Page : 418 pages
- Language : English
- PDF File Size : 7,5 Mb
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