The official blog of the Journal of Institutional Economics
Summary of JOIE article “1688 and All That: Property Rights, the Glorious Revolution and the Rise of British Capitalism”, Journal of Institutional Economics, 13(1), March, pp. 79-107, by Geoffrey Hodgson (Hertfordshire Business School, University of Hertfordshire). The article is open access and available on the JOIE website. Sometime after 1700, GDP per capita began to…
Summary of JOIE articles “Property as sequential exchange: the forgotten limits of private contract” and “How should we model property? Thinking with my critics“, Benito Arruñada (Pompeu Fabra University and Barcelona GSE, email: benito.arrunada@upf.edu, website: http://econ.upf.edu/~arrunada). In “Property as sequential exchange: The forgotten limits of private contract”, Benito Arruñada traces the disconnection between economic analysis…
Summary of JOIE article “Institutions and Place: Rethinking the Political Economy of the Resource Curse”, by José Carlos Orihuela (Pontificia Universidad Católica del Perú). The article is available on the JOIE website. The resource curse debate has become a somewhat deadlocked academic conversation. Curse or blessing? Well, it depends. I argue that the way in…
The study of institutions have been a long-standing issue in economics. It was at the core of many significant schools of thought at the end of the 19th century and at the beginning of the 20th, especially the German Historical School of economics and the American Institutionalism. Though the role and the importance of institutions…