1. New Horizons in Institutional and Evolutionary Economics series

    Series editor: Geoffrey M. Hodgson, University of Hertfordshire, UK

    Economics today is at a crossroads. New ideas and approaches are challenging the largely static and equilibrium-oriented models that used to dominate mainstream economics. The study of economic institutions - long neglected in the economics textbooks - has returned to the forefront of theoretical and empirical investigation. This challenging and interdisciplinary series publishes leading works at the forefront of institutional and evolutionary theory and focuses on cutting-edge analyses of modern socio-economic systems. The aim is to understand both the institutional structures of modern economies and the processes of economic evolution and development. Contributions will be from all forms of evolutionary and institutional economics, as well as from post Keynesian, Austrian and other schools. The overriding aim is to understand the processes of institutional transformation and economic change.

Books in this series

TOTAL: 35
  1. Understanding the Blockchain Economy

    Understanding the Blockchain Economy

    Chris Berg, Sinclair Davidson, Jason Potts
    Blockchains are the distributed ledger technology that powers Bitcoin and other cryptocurrencies. But blockchains can be used for more than the transfer of tokens – they are a significant new economic infrastructure. This book offers the first scholarly analysis of the economic nature of blockchains and the shape of the blockchain economy. By applying the institutional economics of Ronald Coase and Oliver Williamson, this book shows how blockchains are poised to reshape the nature of firms, governments, markets, and civil society. Learn More
    2019   Hardback Price: $ 125.00   Web: $ 112.50
    Availability: In Stock
  2. Time, Space and Capital

    Time, Space and Capital

    Åke E. Andersson, David Emanuel Andersson
    In this challenging book, the authors demonstrate that economists tend to misunderstand capital. Frank Knight was an exception, as he argued that because all resources are more or less durable and have uncertain future uses they can consequently be classed as capital. Thus, capital rather than labor is the real source of creativity, innovation, and accumulation. But capital is also a phenomenon in time and in space. Offering a new and path-breaking theory, they show how durable capital with large spatial domains — infrastructural capital such as institutions, public knowledge, and networks — can help explain the long-term development of cities and nations. Learn More
    2017   Hardback Price: $ 140.00   Web: $ 126.00
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  3. An Autecological Theory of the Firm and its Environment

    An Autecological Theory of the Firm and its Environment

    Colin Jones, Gimme Walter
    The process of firm-level adaptation and survival have historically been of great interest to researchers of firms. However, these researchers have previously been denied an ecological framework within which to study the processes through which individual firms respond to and indeed, modify their individual environments. This book remedies this situation, providing the first comprehensive introduction to organisational autecology, or, the study of individual firms and the environments they interact with and typically modify to ensure their survival. In addition to establishing the theoretical and philosophical foundations of organisational autecology, the empirical application of this new approach is demonstrated and its future application to the domain of organisational studies is contemplated. Learn More
    2017   Hardback Price: $ 125.00   Web: $ 112.50
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  4. Law and Economics from an Evolutionary Perspective

    Law and Economics from an Evolutionary Perspective

    Glen Atkinson, Stephen P. Paschall
    Law and economics are interdependent. Using a historical case analysis approach, this book demonstrates how the legal process relates to and is affected by economic circumstances. Glen Atkinson and Stephen P. Paschall examine this co-evolution in the context of the economic development that occurred in the nineteenth and early twentieth centuries as well as the impact of the law on that development. Specifically, the authors explore the development of a national market, the transformation of the corporation, and the conflict between state and federal control over businesses. Their focus on dynamic, integrated systems presents an alternative to mainstream law and economics. Learn More
    2016   Hardback Price: $ 110.00   Web: $ 99.00
    Availability: In Stock
  5. How Markets Work and Fail, and What to Make of Them

    How Markets Work and Fail, and What to Make of Them

    Bart Nooteboom
    In this thought-provoking book, Bart Nooteboom offers a radical critique of the principal intellectual and moral assumptions underlying economic science, unravelling the notion of markets: how they work and fail, and how they may be redirected to better serve us. Learn More
    2014   Hardback Price: $ 110.00   Web: $ 99.00
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    2015   Paperback Price: $ 39.95   Web: $ 31.96
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  6. Foundations of Economic Evolution

    Foundations of Economic Evolution

    Carsten Herrmann-Pillath
    2013   Hardback Price: $ 196.00   Web: $ 176.40
    Availability: In Stock
  7. Capitalism and Democracy

    Capitalism and Democracy

    Theo C.M.J. van de Klundert
    Capitalism is driven by technological revolutions, leading to alternating periods of regulation and deregulation in leading economies. Technologically backward countries face a different situation as they have to catch up with the leaders. Against this backdrop, Theo van de Klundert examines the relationship between capitalism and democracy, combining economic theory and historical description to analyse long-run economic development. Emphasis is placed on the interrelation between economic and political power, and a robust state-of-the-art overview of today’s political economy is presented. Learn More
    2013   Hardback Price: $ 128.00   Web: $ 115.20
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  8. Institutional Variety in East Asia

    Institutional Variety in East Asia

    Edited by Werner Pascha, Cornelia Storz, Markus Taube
    This illuminating book broadly addresses the emerging field of ‘diversity of capitalism’ from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea. These countries are of particular interest due to the fact that they are often considered to have developed their own peculiar blend of models of capitalism. Learn More
    2011   Hardback Price: $ 143.00   Web: $ 128.70
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  9. Creative Industries and Economic Evolution

    Creative Industries and Economic Evolution

    Jason Potts
    The creative industries are key drivers of modern economies. While economic analysis has traditionally advanced a market-failure model of arts and culture, this book argues for an evolutionary market dynamics or innovation-based approach. The book explores theoretical and conceptual aspects of an evolutionary economic approach to the study of the creative economy. Topics include creative businesses and labour markets, social networks, innovation processes and systems, institutions, and the role of creative industries in market dynamics and economic growth. Learn More
    2011   Hardback Price: $ 123.00   Web: $ 110.70
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    2012   Paperback Price: $ 46.00   Web: $ 36.80
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  10. Deep Complexity and the Social Sciences

    Deep Complexity and the Social Sciences

    Robert Delorme
    In this innovative work, Robert Delorme comprehensively explores uncertainty (the irreducibility to numerically measurable probabilities) and ignorance in economics, management and the social sciences through an alternative, systematically built analytical framework. This unique book takes uncertainty and ignorance seriously and addresses them as instances of ‘deep complexity’ (problem situations so deeply ill-structured that they cannot be grasped with the concepts and tools of classical science). Building on the works of Herbert Simon, Heinz von Foerster and John von Neumann, the author develops an alternative framework that encompasses, rather than rejects, the classical framework. The outcome of this novel approach is ‘effective deep complexity’, comprising three aspects: an effective alternative framework, which brings an answer to a fundamental issue on the implications of uncertainty for scientific reasoning; a behavioural theory of deeply ill-structured problem-situations; and a decision-and-action support system. Learn More
    2010   Hardback Price: $ 180.00   Web: $ 162.00
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  11. Economics, Culture and Social Theory

    Economics, Culture and Social Theory

    William A. Jackson
    Economics, Culture and Social Theory examines how culture has been neglected in economic theorising and considers how economics could benefit by incorporating ideas from social and cultural theory. Learn More
    2010   Hardback Price: $ 136.00   Web: $ 122.40
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  12. The Evolution of Path Dependence

    The Evolution of Path Dependence

    Edited by Lars Magnusson, Jan Ottosson
    The notion and interpretation of path dependence have been discussed and utilized in various social sciences during the last two decades. This innovative book provides significant new insights onto how the different applications of path dependence have developed and evolved. The authors suggest that there has been a definite evolution from applications of path dependence in the history of technology towards other fields of social science. They also discuss the various definitions of path dependence (strong or weak) and explore the potential applications of path dependence in new areas such as political economy and economic geography. Learn More
    2009   Hardback Price: $ 128.00   Web: $ 115.20
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  13. Property Rights, Consumption and the Market Process

    Property Rights, Consumption and the Market Process

    David Emanuel Andersson
    Property Rights, Consumption and the Market Process extends property rights theory in new and exciting directions by combining complementary insights from Austrian, institutional and evolutionary economics. Mainstream economics tends to analyse property rights within a static equilibrium framework. In this book David Andersson reformulates property rights theory as an evolutionary theory of the market process. Learn More
    2008   Hardback Price: $ 127.00   Web: $ 114.30
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  14. Evolutionary Economics and Environmental Policy

    Evolutionary Economics and Environmental Policy

    Jeroen C.J.M. van den Bergh, Albert Faber, Annemarth M. Idenburg, Frans H. Oosterhuis
    This study offers a unique evolutionary economics perspective on energy and innovation policies in the wider context of the transition to sustainable development. Learn More
    2007   Hardback Price: $ 127.00   Web: $ 114.30
    Availability: In Stock
  15. An Economic Analysis of Innovation

    An Economic Analysis of Innovation

    Markus Balzat
    The economic analysis of innovation is important because economic growth in highly industrialized countries and international competitiveness are driven by innovations and technological change. At the same time, marked nation-specific features exist in the structure of innovative activities and in innovative success. For the study of these national characteristics, the concept of national innovation systems constitutes a powerful and widely applied inter-disciplinary framework in modern innovation theory. This book illuminates this concept from different perspectives. Starting from fundamental conceptual and theoretical issues, it describes and discusses the main development lines of the approach of national innovation systems, and goes on to illustrate an empirical application of this branch of research, offering a new alternative for the quantitative comparative study of national innovation systems. Learn More
    2006   Hardback Price: $ 127.00   Web: $ 114.30
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  16. The Hardship of Nations

    The Hardship of Nations

    Edited by Benjamin Coriat, Pascal Petit, Geneviève Schméder
    After more than two decades of widespread hardship for most nations, what are the different paths available for them to resume steady growth and welfare? Will they actually succeed in building new growth models that meet the challenges of the present phase of internationalisation? This book attempts to answer these questions by analysing different perspectives and discussing the conditions for new national growth trajectories to emerge. Learn More
    2006   Hardback Price: $ 164.00   Web: $ 147.60
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  17. Entrepreneurship, Money and Coordination

    Entrepreneurship, Money and Coordination

    Edited by Jürgen G. Backhaus
    Hayek’s theory of cultural evolution has always generated controversy. Interest in Hayek’s theory, and others’ analysis and criticism of it, has been rising of late. This volume urges a reconsideration of Hayeks’ theory of evolution and aims to explore the relevance of Hayek’s theory for its own sake and for evolutionary economics more generally. Learn More
    2006   Hardback Price: $ 135.00   Web: $ 121.50
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  18. Productivity, Competitiveness and Incomes in Asia

    Productivity, Competitiveness and Incomes in Asia

    Hans-Peter Brunner, Peter M. Allen
    The authors of this book link productivity change, trade competitiveness, networks of interaction and cooperation and income growth in developing Asian countries with the complex evolutionary processes of economic development and international trade. They take an innovative approach to simulating the complex micro-dynamics of competitiveness in order to distinguish those trade-related microeconomic dynamics and institutional reforms vital to leading countries out of institutional and poverty traps. Learn More
    2005   Hardback Price: $ 127.00   Web: $ 114.30
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  19. The Political Economy of Destructive Power

    The Political Economy of Destructive Power

    Mehrdad Vahabi
    Economic science has extensively studied the creative power of individuals and social groups, but it has largely ignored the destructive power of economic agents. This highly original book redresses the balance and, for the first time, looks at how much an agent can destroy. Destructive power is conceptualised in a unique way, covering all types of deliberate (violent and non-violent) social conflict behaviour. The theoretical arguments in the book are skilfully linked to burning political issues of our time such as the 9/11 terrorist attacks and the Second Gulf War. Learn More
    2004   Hardback Price: $ 146.00   Web: $ 131.40
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  20. Globalization, Economic Development and Inequality

    Globalization, Economic Development and Inequality

    Edited by Erik S. Reinert
    The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of ‘creative destruction’ may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that allowed Germany and the United States to catch up with the UK and these are contrasted with two other case studies exploring the deindustrialization and falling real wages in Peru and Mongolia during the 1990s. The case studies and thematic papers together explore, identify and explain the mechanisms which cause economic inequality. Some papers point to why the present form of globalization increases poverty in many Third World nations. Learn More
    2004   Hardback Price: $ 165.00   Web: $ 148.50
    Availability: In Stock
    2007   Paperback Price: $ 64.00   Web: $ 51.20
    Availability: In Stock