This volume breaks new ground in the economic theory of institutions. The contributors show how some of the tools of advanced economic theory can usefully contribute to an understanding of how institutions operate. They show how sound theoretical analysis can in fact enable economists to reach conclusions which will help practitioners avoid many pitfalls in the formation and implementation of development policies, both within individual countries and in the context of international aid.
Readership: Graduate students and research scholars in development economics, agricultural economics, institutional economics, and development sociology.
Edited by Pranab Bardhan, Professor of Economics, University of California, Berkeley
"well worth reading" - Journal of Institutional and Theoretical Economics
"a welcome contribution to an economic understanding of institutions" - Quarterly Journal of International Agriculture
"the book may well become a standard reference in institutional economics, especially in the context of LDCs, and will additionally stimulate efforts towards more applied research" - Weltwirtschaftliches Archiv (Review of World Economics)