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Pricing, Valuation and Systems. Essays in Neoinstitutional Economics.

Pricing, Valuation and Systems. Essays in Neoinstitutional Economics. M.R.トゥール著 新制度学派経済学

・ISBN 978-1-85278-976-3 hard GB£ 113.00

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著者・編者Tool, Marc R.,
出版社(E. Elgar, UK)
出版年月1995
ページ数224 pp.
言語ENG
ニュース番号<412-181 427-119>

解説

Pricing, Valuation and Systems reintroduces American neoinstitutional economics as an alternative to the neoclassical orthodoxy.

Neoinstitutionalism, Professor Tool argues, provides a pragmatic analysis that confirms that most prices and costs are set by empowered discretionary agents, not by impersonal free markets. Similarly, the institutional fabric of contemporary economic systems is shown to be defined by agents with power, not natural laws or 'ism' models.

The author's analysis is based upon the instrumental value theory of neoinstitutionalism rather than the utility value theory of neoclassicism. It challenges the price theory 'heartland' of neoclassical theory and the 'market shock' approach to restructuring Eastern Europe and offers neoinstitutional alternatives.