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Pricing, Valuation And Systems

Author

Listed:
  • Marc R. Tool

Abstract

Pricing, Valuation and Systems reintroduces American neoinstitutional economics as an alternative to the neoclassical orthodoxy. Neoinstitutionalism, Professor Tool argues, provides a pragmatic analysis that confirms that most prices and costs are set by empowered discretionary agents, not by impersonal free markets. Similarly, the institutional fabric of contemporary economic systems is shown to be defined by agents with power, not natural laws or ‘ism’ models.

Suggested Citation

  • Marc R. Tool, 1995. "Pricing, Valuation And Systems," Books, Edward Elgar Publishing, number 432.
    • Handle: RePEc:elg:eebook:432
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    File URL: http://www.e-elgar.com/shop/isbn/9781852789763
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    Citations

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    Cited by:

    1. Robert F. Schlack, 1996. "Economies in Transition: Hypotheses Toward a Reasonable Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(2), pages 617-627, June.
    2. Kenneth L. Avio, 2004. "A Modest Proposal for Institutional Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(3), pages 715-745, September.
    3. Michael Keaney & A. R. Lorimer, 1999. "Clinical Effectiveness in the National Health Service in Scotland," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(1), pages 117-139, March.
    4. Vatn, Arild, 2005. "Rationality, institutions and environmental policy," Ecological Economics, Elsevier, vol. 55(2), pages 203-217, November.
    5. Spash, Clive L. & Villena, Mauricio G., 1999. "Exploring the Approach of Institutional Economics to the Environment," MPRA Paper 17278, University Library of Munich, Germany.
    6. Michael Keaney, 2000. "Book Review: Radical Democracy," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(2), pages 350-354, June.
    7. Michael Keaney, 2000. "The Radical Political Economics of Douglas F. Dowd," Journal of Economic Issues, Taylor & Francis Journals, vol. 34(1), pages 117-142, March.
    8. Michael Keaney, 2002. "Unhealthy Accumulation: The Globalization of Health Care Privatization," Review of Social Economy, Taylor & Francis Journals, vol. 60(3), pages 331-357.
    9. Wilfred Dolfsma & Robert McMaster, 2007. "Revisiting Institutionalist Law and Economics - The Inadequacy of the Chicago School: The Case of Personal Bankruptcy Law," Journal of Economic Issues, Taylor & Francis Journals, vol. 41(2), pages 557-566, June.

    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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