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Micro Theory and Recent Developments in the Study of Economic Institutions Through Economic History

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  • Avner Greif

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First draft: July, 1995 This draft: March 4, 1996 Prepared for a symposia on Economic History in the Econometric Society, Seventh World Congress, Tokyo 1995. Forthcoming in Advances in Economic Theory. Edited by David M. Kreps and Kenneth F. Wallis. 1996. Cambridge University Press. This paper discusses the three approaches within economic history that utilizes micro-economic theory to examine institutions, their nature, change, and efficiency: the Neo-classical Economics approach, the New Institutional Economic History approach, and Historical Institutional Analysis approach. The focus is on methodology and general results rather than on any specific conclusions regarding institutions in particular historical episodes. Most of the survey is devoted to elaborate on the recent development of Historical Institutional Analysis.

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Paper provided by Stanford University, Department of Economics in its series Working Papers with number 96001.

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Handle: RePEc:wop:stanec:96001

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Cited by:
  1. Santiago Sanchez-Pages & Stephane Straub, 2006. "The Emergence of Institutions," ESE Discussion Papers 148, Edinburgh School of Economics, University of Edinburgh.
  2. Stephen Haber, 1996. "The Efficiency Consequences of Institutional Change: Financial Market Regulation and Industrial Productivity Growth in Brazil, 1866-1934," NBER Historical Working Papers 0094, National Bureau of Economic Research, Inc.
  3. Boyer, Robert, 1998. "La politique à l'ère de la mondialisation et de la finance : le point sur quelques recherches régulationnistes," CEPREMAP Working Papers (Couverture Orange) 9820, CEPREMAP.
  4. Raimundo Soto, . "Institutional Reforms in the Electricity Sector," ILADES-Georgetown University Working Papers inv120, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
  5. Knack, Stephen, 2002. "Governance and growth: measurement and evidence," MPRA Paper 28050, University Library of Munich, Germany.
  6. Masahiko Aoki, 2006. "Mechanisms of Endogenous Institutional Change," Discussion Papers 05-013, Stanford Institute for Economic Policy Research.
  7. Henry Ergas, 2008. "Should Australia Encourage Developing Countries to Adopt Competition Laws?," Asia Pacific Economic Papers 376, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.

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