A multiplicity of approaches to institutional analysis. Applications to the government and the arts
Four types of ï¿½economicsï¿½ relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an extension of Neoclassical Economics with elements from other social sciences (including political science, sociology, psychology, law and anthropology) is fruitful to explain institutions because it allows us to maintain the strength of that approach. Social Economics can play an important role helping to overcome the limitations of Neoclassics. However, it should become more concrete, integrate what is useful in Neoclassics, and should seriously engage in empirical research.
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- Pranab Bardhan & Isha Ray, 2008. "Methodological Approaches in Economics and Anthropology," Chapters,in: The Elgar Companion to Social Economics, chapter 24 Edward Elgar Publishing.
- Bruno S. Frey & Silke Humbert & Friedrich Schneider, 2007. "Was denken deutsche Ökonomen? Eine empirische Auswertung einer Internetbefragung unter den Mitgliedern des Vereins für Socialpolitik im Sommer 2006," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(4), pages 359-377, November.
- Throsby, David, 1994. "The Production and Consumption of the Arts: A View of Cultural Economics," Journal of Economic Literature, American Economic Association, vol. 32(1), pages 1-29, March.
- Vanberg, Viktor J, 2000. "Functional Federalism: Communal or Individual Rights?," Kyklos, Wiley Blackwell, vol. 53(3), pages 363-386.
- Robert P. Inman & Daniel L. Rubinfeld, 1997. "Rethinking Federalism," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 43-64, Fall.
- Casella, Alessandra & Frey, Bruno, 1992. "Federalism and clubs : Towards an economic theory of overlapping political jurisdictions," European Economic Review, Elsevier, vol. 36(2-3), pages 639-646, April. Full references (including those not matched with items on IDEAS)
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