Essays on New Institutional Economics [Paperback]

This collection of essays comprises some of Rudolf Richters important contributions to research on New Institutional Economics (NIE). It deals with the central idea, principles, and methodology of New Institutional Economics and explores its relation to sociology and law. Other chapters examine applications of NIE to various microeconomic and macroeconomic issues in the face of uncertainty, from entrepreneurship to the euro crisis.

Preface.- The New Institutional Economics: Its Start, its Meaning, its Prospects.-Uncertainty in Economic Theory from the Perspective of New Institutional Economics.- New Economic Sociology and New Institutional Economics.- The Role of Law in the New Institutional Economics.- Entrepreneurs as Surrogate Forward Traders of Goods and Services, Seen from the Viewpoint of New Institutional Economics.- The Euro Crisis from the Perspective of the Preceding Debates on Fixed Versus Flexible Exchange Rates and the European Currency Union.- Why Price?Stability? A Brief Answer from the Perspective of the New Institutional Economics.-?Bringing Old and New Institutional Economics: Gustav Schmoller, the Leader of the Younger German Historical School, seen with Neoinstitutionalists' Eyes.- German Ordnungstheorie from the Perspective of the New Institutional Economics.- Methodology from the Viewpoint of an Economic Theorist - Fifty Years On.

Rudolf Richter is emeritus Professor of economics and Director of the Workshop on The New Institutional Economics at the University of Saarland, Saarbr?cken, Germany. He started his academic career in 1953 at the J. W. Goethe University, Frankfurt/ Main, Germany, interrupted by two separate years at American Universities, teaching and working largely on microeconomic issues. In 1961 he became professor of economics at the Christian Albrecht University, Kiel, Germany. In 1964 he received an offer from the University of Saarland, Saarbr?cken where he worked until 1994. During this time he splƒ6