2. Institutional and Behavioral Economics Theory.
3. Behavioral Economics.
4. Individuals and Institutions.
5. Institutions and Organizations.
6. Sources of Human Interdependence.
9. Macro-Economic Institutions.
10. Technology, Growth, and Institutions.
11. Labor Institutions.
12. Political Institutions.
13. Institutional Change Analysis.
“Right from the beginning, Schmid's magnificent volume has individuals interacting with historically-given institutions. There is no isolated Robinson Crusoe here. Schmid’s book is a superb overview of the modern literature on human agency in an institutional setting; it is the best and most comprehensive introduction to this cutting-edge literature in modern economics.” Geoffrey Hodgson, University of Hertfordshire
“I strongly recommend the book both as a teaching resource and as a new broad statement of institutionalist theory.”
- Addresses formal and informal institutions, the impact of alternative institutions, and institutional change and evolution.
- Presents a framework open to changing preferences, bounded rationality, and evolution.
- Explains how to form empirically testable hypotheses using experiments, case studies, and econometrics.
- Includes numerous practice and discussion questions.