Institutional Economics

Property, Competition, Policies, Second Edition

2nd edition

Wolfgang Kasper, Emeritus Professor of Economics, University of New South Wales, Sydney, Australia, the late Manfred E. Streit, formerly Emeritus Professor, Max-Planck-Institute of Economics, Jena, Germany and Peter J. Boettke, University Professor of Economics and Philosophy, George Mason University, US

This thoroughly revised, extended and updated edition of a critically acclaimed textbook provides an accessible and cohesive introduction to the burgeoning discipline of institutional economics.

‘The first edition of this book, published in 1999, has deeply influenced my thinking on some of the most complex economic questions of our time, and this revised and updated edition, released [in 2012], is already proving to be at least as intellectually engaging. Should economic thought continue its trajectory away from the excessively simplistic foundations of modern neoclassical economics, there will be little doubt that books such as Institutional Economics will be shown to have played a significant role in the revitalisation of economics.’
– Julie Novak, Institute of Public Affairs Review