Advanced Search
MyIDEAS: Login to save this paper or follow this series

The Growth and Decay of Custom: The Role of the New Institutional Economics in Economic History

Contents:

Author Info

  • Basu, Kaushik
  • Jones, Eric
  • Schlicht, Ekkehart

Abstract

Customs and institutions affect and are affected by economic relations and processes. The two-way interaction is particularly important in studying history where the scale of the temporal canvas ensures that very few variables can be treated as parametric. This paper assesses the methodology which attempts the task. In particular it examines the problem of endogenizing customs, evaluates claims for the optimality of institutions, and also comments on the interplay between structural and inertial forces. Recent work in the new institutional economics stresses structural forces, while traditional history emphasizes inertial forces, but on closer analysis these are shown to be complementary.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://mpra.ub.uni-muenchen.de/3790/
File Function: original version
Download Restriction: no

Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 3790.

as in new window
Length:
Date of creation: 1987
Date of revision:
Publication status: Published in Explorations in Economic History 1.24(1987): pp. 1-21
Handle: RePEc:pra:mprapa:3790

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC

Related research

Keywords: New institutional economics; inertia; optimality of institutions; Alfred Marshall; data of analysis;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Field, Alexander James, 1981. "The problem with neoclassical institutional economics: A critique with special reference to the North/Thomas model of pre-1500 Europe," Explorations in Economic History, Elsevier, Elsevier, vol. 18(2), pages 174-198, April.
  2. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, American Economic Association, vol. 75(2), pages 332-37, May.
  3. von Weizsacker, Carl Christian, 1971. "Notes on endogenous change of tastes," Journal of Economic Theory, Elsevier, Elsevier, vol. 3(4), pages 345-372, December.
  4. Jones, E L, 1974. "Institutional Determinism and the Rise of the Western World," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 12(1), pages 114-24, March.
  5. Bauer, P T, 1971. "Economic History as Theory," Economica, London School of Economics and Political Science, London School of Economics and Political Science, vol. 38(150), pages 163-79, May.
  6. Arrow, Kenneth J, 1969. "Classificatory Notes on the Production and Transmission of Technological Knowledge," American Economic Review, American Economic Association, American Economic Association, vol. 59(2), pages 29-35, May.
  7. Schlicht, Ekkehart, 1975. "A Neoclassical Theory of Wealth Distribution," Munich Reprints in Economics, University of Munich, Department of Economics 3386, University of Munich, Department of Economics.
  8. Field, Alexander James, 1984. "Microeconomics, Norms, and Rationality," Economic Development and Cultural Change, University of Chicago Press, University of Chicago Press, vol. 32(4), pages 683-711, July.
  9. Akerlof, George A, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 90(4), pages 599-617, November.
  10. McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 21(2), pages 481-517, June.
  11. Schlicht, Ekkehart, 1984. "Plant Closings, Worker Reallocation Costs and Efficiency Gains to Labor Representation on the Board of Directors: Comment on Furubotn/Wiggins," Munich Reprints in Economics, University of Munich, Department of Economics 3342, University of Munich, Department of Economics.
  12. Schlicht, Ekkehart, . "Isolation and Aggregation in Economics," Monographs in Economics, University of Munich, Department of Economics, University of Munich, Department of Economics, number 3, April.
  13. Basu, Kaushik, 1986. "One Kind of Power," Oxford Economic Papers, Oxford University Press, vol. 38(2), pages 259-82, July.
  14. Wittman, Donald, 1982. "Efficient Rules in Highway Safety and Sports Activity," American Economic Review, American Economic Association, American Economic Association, vol. 72(1), pages 78-90, March.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Kubler, Dorothea, 2001. "On the Regulation of Social Norms," Journal of Law, Economics and Organization, Oxford University Press, Oxford University Press, vol. 17(2), pages 449-76, October.
  2. Parrinello, Sergio, 2000. "The "institutional factor" in the theory of international trade: new vs. old trade theories," MPRA Paper 31472, University Library of Munich, Germany.
  3. Carnaje, Gideon P., 2007. "Contractual Arrangements in Philippine Fisheries," Discussion Papers, Philippine Institute for Development Studies DP 2007-22, Philippine Institute for Development Studies.
  4. Sindzingre, Alice, 2005. "Explaining Threshold Effects of Globalization on Poverty: An Institutional Perspective," Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) RP2005/53, World Institute for Development Economic Research (UNU-WIDER).
  5. Cramb, Rob A., 1993. "The Evolution of Property Rights to Land in Sarawak: An Institutionalist Perspective," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, Australian Agricultural and Resource Economics Society, vol. 61(02), August.
  6. Basu, Kaushik, 1995. "Civil institutions and evolution: Concepts, critique and models," Journal of Development Economics, Elsevier, Elsevier, vol. 46(1), pages 19-33, February.
  7. Schlicht, Ekkehart, . "Koordinationskosten und "Social Capital"," Chapters in Economics, University of Munich, Department of Economics, University of Munich, Department of Economics.
  8. Schlicht, Ekkehart, . "Economic Analysis and Organised Religion," Chapters in Economics, University of Munich, Department of Economics, University of Munich, Department of Economics.
  9. Goyal, Sanjeev & Janssen, Maarten C. W., 1995. "Dynamic coordination failures and the efficiency of the firm," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 28(2), pages 223-239, October.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:3790. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.