Institutions and the Economy
August 2013, Polity
These insights challenge some of the most basic postulates on modern economic theory and are at the heart of many of the most exciting works in economic sociology. This book examines the role of institutions - defined as the formal and informal rules and practices that surround us as we go about our daily lives - in the economy. Illuminating complex ideas with carefully selected, vivid examples, the investigation focuses on economic activity as it unfolds at the individual, organizational, national, and international levels.
This accessible and engaging book will be essential reading for students of economic sociology, and all those interested in the intimate relationship between institutions and the economy.
1 Institutions and the Economy
II. THE IMPACT OF INSTITUTIONS
4 National Economies
5 International Economy
6 Challenges and Future Research
- Clear and concise book that explains how the functioning and shape of the economy depend upon social institutions.
- Reveals the crucial role formal and informal institutions in everyday life play in how the economy works.
- Relates this institutional analysis of the economy to all levels of social life, from the individual, through the actions of firms and governments, to the growth of international trade.
- Part of Polity’s well-respected ‘Economy & Society’ series.
John L. Campbell, Dartmouth College and Copenhagen Business School
"Institutions and the Economy is very insightful and straightforward in addressing the complex topic of institutions from an economic sociology point of view. Duina brings not only a tremendous amount of breadth but also depth, as he builds from a strong introduction into the current debates of the impact of institutions on individuals, organizations, countries, and the international economy."
Ruth Aguilera, University of Illinois at Urbana-Champaign