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The Institutional Economics of the International Economy

  • Book
  • © 1996

Overview

Editors:
  1. John Adams

    1. Northeastern University, USA

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  2. Anthony Scaperlanda

    1. Northern Illinois University, USA

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xx
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  2. Introduction

    1. The Institutional Economics of the International Economy

      • John Adams, Anthony Scaperlanda
      Pages 1-10

  3. Theoretical Foundations of International Economic Relations

    1. Front Matter

      Pages 11-11
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    2. International Economic Affairs as Viewed from a Veblen-Ayres Perspective

      • Hans E. Jensen
      Pages 13-33

    3. Foreign Investment, Economic Growth, and Theories of Value: Evidence from Economic History

      • Anne Mayhew
      Pages 35-45

    4. Theory and Praxis of the Emerging Global Economy

      • Milton D. Lower
      Pages 47-63

  4. International Trade and Foreign Investment

    1. Front Matter

      Pages 65-65
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    2. Institutional Coordination, Transactions Costs, and World Trade

      • John Adams
      Pages 67-86

    3. Trade and the Role of Cities: What Does Institutionalism Have to Offer Us?

      • Peter Karl Kresl
      Pages 87-106

    4. Multinational Enterprise Expansion from an Institutionalist Perspective

      • Anthony Scaperlanda
      Pages 107-124

  6. Institutional Change in the International Economy

    1. Front Matter

      Pages 179-179
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    2. Institutional Adjustment and Economic Development: Insights from the Etiology of Privatization

      • William P. Glade
      Pages 181-202

    3. Institutional Reform of the International Monetary Regime

      • Anthony Scaperlanda
      Pages 203-217

    4. A World of Nations and the United Nations

      • Wendell Gordon
      Pages 219-233

  7. Epilogue

    1. Epilogue: The influences of Wendell C. Gordon

      • John Adams
      Pages 235-244

  8. Back Matter

    Pages 245-255
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Keywords

About this book

This book is the outgrowth of the editors' conviction that there is a need for a current and comprehensive examination of international economic issues within the framework of institutional economics. The volume covers the most important international topics that institutional economists historically have addressed. We hope that our initiative and necessarily limited choice of subjects will encourage additional applications of institutional economic theory to the international economy. For other economists, the analyses contained in the volume's dozen chapters afford an opportunity to become more aware of the theoretical work and policy recommendations of institutional economists. It may be surprising that, to an extent, evolutionary and neoclassical thinking converge and even sometimes overlap on the matter of trends and problems of the international economy. A case in point is the increased attention both schools devote to the role of technology in shaping patterns of world trade and specialization. In the past few decades, global shifts in comparative advantages, the widespread adoption of more flexible exchange­ rate systems, and the remarkable shifts in institutional arrangements and policy regimes in the former Soviet Union and East Asia have compelled a reassessment of conventional static trade theories based on neoclassical assumptions. Links among trade, international investment, and the diffusion of economic growth are being more closely scrutinized and better understood. This volume is an effort to expand and stimulate this discourse on the economics of international relations, including global economic development.

Reviews

`All in all, I highly recommend the book. ... much can be learned from the chapters, and one or more may well spark an interest in a field that the reader never before considered. I know that was the case with me.'
Journal of Economic Issues, XXXII (1998)

Editors and Affiliations

  • Northeastern University, USA

    John Adams

  • Northern Illinois University, USA

    Anthony Scaperlanda

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