Chapter

Alternative Approaches to the Theory of Institutions in Economic Development

Pranab Bardhan

in The Economic Theory of Agrarian Institutions

Published in print December 1991 | ISBN: 9780198287629
Published online November 2003 | e-ISBN: 9780191595912 | DOI: http://dx.doi.org/10.1093/0198287623.003.0001

Series: Clarendon Paperbacks

 Alternative Approaches to the Theory of Institutions in Economic Development

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Contrasts three approaches to understanding economic institutions—of Marxist, transaction cost, and imperfect‐information schools—and discusses their strengths and weaknesses.

Keywords: imperfect information; institutional change; Marxism; production relations; property rights; transaction costs

Chapter.  6817 words. 

Subjects: Economic Development and Growth

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