Economic Institutions and Complexity: Structures, Interactions and Emergent Properties

ISBN-13: 9781843760580 / Angielski / Twarda / 2003 / 200 str.

Karl-Ernst Schenk

Opis

This work presents a concept of interactive economic institutions and systems, considered by the author to be a bottleneck to scientific progress. In the author's evaluation of contemporary institutional economics, the focus is on the interaction of complex economic structures in terms of their co-ordination routines, emergent behavioural characteristics and also their economic performance. Differences of behaviour characteristics and economic performances are explained as consequences of differently structured co-ordination routines. The book demonstrates that complexity, rather than being part of the problem of institutional analysis, can be made part of the solution.