Institutional Economics: Institutional Economics, Unraveling the Tapestry of Economic Behavior

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What is Institutional Economics


Institutional economics is a branch of economics that focuses on understanding the function that institutions have in determining economic behavior as well as the impact that the evolutionary process plays. Thorstein Veblen's instinct-oriented divide between technology on the one hand and the "ceremonial" sphere of society on the other was the primary emphasis of the organization when it was first established. Both its name and its fundamental components may be traced back to an article written by Walton H. Hamilton in 1919 for the American Economic Review. The field of institutional economics places an emphasis on the study of institutions in a more comprehensive manner and considers markets to be the product of the intricate interplay between the many institutions. In the field of economics, the older school is still widely recognized as a prominent heterodox approach nowadays.


How you will benefit


(I) Insights, and validations about the following topics:


Chapter 1: Institutional economics


Chapter 2: Neoclassical economics


Chapter 3: Thorstein Veblen


Chapter 4: Evolutionary economics


Chapter 5: The Theory of the Leisure Class


Chapter 6: New institutionalism


Chapter 7: Labour economics


Chapter 8: Wesley Clair Mitchell


Chapter 9: Heterodox economics


Chapter 10: Geoffrey Hodgson


Chapter 11: Historical institutionalism


Chapter 12: Herbert J. Davenport


Chapter 13: History of economic thought


Chapter 14: European Association for Evolutionary Political Economy


Chapter 15: Schools of economic thought


Chapter 16: Institutionalist political economy


Chapter 17: Vivien A. Schmidt


Chapter 18: Perspectives on capitalism by school of thought


Chapter 19: Association for Evolutionary Economics


Chapter 20: Transaction Man


Chapter 21: Veblen-Commons Award


(II) Answering the public top questions about institutional economics.


(III) Real world examples for the usage of institutional economics in many fields.


(IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of institutional economics. (eBook only).


Who will benefit


Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of institutional economics.

關於作者

Fouad Sabry is the former Regional Head of Business Development for Applications at HP in Southern Europe, Middle East, and Africa (SEMEA). Fouad has received his B.Sc. of Computer Systems and Automatic Control in 1996, dual master’s degrees from University of Melbourne (UoM) in Australia, Master of Business Administration (MBA) in 2008, and Master of Management in Information Technology (MMIT) in 2010. 

Fouad has more than 20 years of experience in Information Technology and Telecommunications fields, working in local, regional, and international companies, such as Vodafone and IBM in Middle East and Africa (MEA) region. Fouad joined HP Middle East (ME), based in Dubai, United Arab Emirates (UAE) in 2013 and helped develop the software business in tens of markets across Southern Europe, Middle East, and Africa (SEMEA) regions. Currently, Fouad is an entrepreneur, author, futurist, focused on Emerging Technologies, and Industry Solutions, and founder of One Billion Knowledgeable (1BK) Initiative.

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