Sufficient Reason
By:Daniel W. Bromley
Published on 2006 by Princeton University Press
|Bromley argues that standard economic accounts see institutions as mere constraints on otherwise autonomous individual action. Some approaches to institutional economics - particularly the |new| institutional economics - suggest that economic institutions emerge spontaneously from the voluntary interaction of economic agents as they go about pursuing their best advantage. He suggests that this approach misses the central fact that economic institutions are the explicit and intended result of authoritative agents - legislators, judges, administrative officers, heads of states, village leaders - who volitionally decide upon working rules and entitlement regimes whose very purpose is to induce behaviors (and hence plausible outcomes) that constitute the sufficient reasons for the institutional arrangements they create.|--BOOK JACKET.
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Book which was published by Princeton University Press since 2006 have ISBNs, ISBN 13 Code is 9780691124193 and ISBN 10 Code is 0691124191
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