Rationality, Institutions and Economic

Rationality, Institutions and Economic Methodologybrings together contributions from a distinguished international group of contributors who represent the best work being done in institutional economics and methodology today. Offering a range of perspectives, the essays examine ways to increase the scope and power of institutional economics. Different approaches to economic methodology are considered and the broader notions of rationality offered by institutional economics are discussed, as are the methodological problems of evolutionary and institutional change. Contributors: Bo Gustafsson, Uskali Maki, Bruce J. Caldwell, D. Wade Hands, Richard Langlois, Laszlo Csontos, Christian Knudsen, Viktor Vanberg, Brian Loasby, Geoff Hodgson, Douglass North.

Preface	p. ix
Introduction	p. 1
Economics with Institutions	p. 3
Approaches to Economic Methodology	p. 43
Economic Methodology	p. 45
Popper and Lakatos in Economic Methodology	p. 61
Social Theories of Science and the Fate of Institutionalism in Economics	p. 76
Broadening the Notion of Rationality	p. 111
Optimization, Rule-Following, and the Methodology of Situational Analysis	p. 113
Equilibrium, Perfect Rationality and the Problem of Self-Reference in Economics	p. 133
Rational Choice, Rule-Following and Institutions	p. 171
Institutions and Their Evolution	p. 201
Institutional Stability and Change in Science and the Economy	p. 203
Evolution and Institutional Change	p. 222
Institutions and Economic Performance	p. 242
Conclusion	p. 263
Modelling Rationality, Institutions and Processes in Economic Theory	p. 265
Index	p. 300
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Rationality, Institutions and Economic Methodology

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