Concepedia

TLDR

The book surveys the conceptual foundations of public policy by exploring how economic interests and institutions shape policy outcomes, covering theories of property rights, institutional change, and the interplay of preferences and markets. The book seeks to clarify the policy problem arising from the interaction of economic interests and institutional structures. The other section contains only a placeholder reference.

Abstract

1. Economic Interests and Institutions I The Intellectual Problem II The Plan of the Book Part I Interests and Institutions 2. On Institutional Change: The Conventional Views I The Property-Rights View II Induced Institutional Change III The North Model of Institutional Change IV An Expanded View of Institutional Change 3. The Nature of Institutions I The Practice of Institutions II The Concept of Institutions III Institutions as Legal Relations IV Institutions and Markets: The Economy as a Set of Ordered Relations V The Normative Content of Institutions VI Individuals, Markets, and Coercion VII Summary 4. Preferences, Choices and Institutions I Preferences, Revealed and Otherwise II Preferences and Choices III Summary Part II Institutional Change 5. Institutional Transactions I The Economy and Institutional Change II Institutions and Efficiency, Again III On Efficiency and Optimality IV Institutional Transactions V Summary 6. Interests, Institutions, and the Framing of Choice I Missing Markets, Present-Valued Caims and Discounted Interests II Entitlements, Risk and Choices III Entitlements and Efficiency: Reallocating Economic Opportunity IV Language and Concepts: Productivity and Efficiency V Summary 7. Property Rights and Institutional Change I Concepts of Property in Economics II The Essence of Ownership III The Philosophical Case for Private Property IV The Practice of Property V Property Entitlements VI Summary Part III Institutions and Policy Analysis 8. Theory Science and Policy Science: Beyond Positivism I Beyond Positivism: Policy Science and Theory Science II Institutions and a New Research Philosophy III Summary 9. The Policy Problem.