Course Outline for

RECENT DEVELOPMENTS IN INSTITUTIONAL ECONOMICS

a short course given at the

NAKE Workshop The Hague, The Netherlands, June 10-14, 2002

Geoffrey Hodgson, University of Hertfordshire

READING LIST

starred (*) items are the most essential

• (*) Rutherford, Malcolm H. (2001), 'Institutional Economics: Then and Now', Journal of Economic Perspectives, 15(3), Summer, pp. 173-94.
  
• Nelson, Richard R. and Sampat, Bhaven N. (2001), 'Making Sense of Institutions as a Factor Shaping Economic Performance', Journal of Economic Behavior and Organization, 44(1), pp. 31-54.
  
• (*) Searle, John R. (1995), The Construction of Social Reality (London: Allen Lane).
  
• Schlicht, Ekkehart (1998), On Custom in the Economy (Oxford and New York: Clarendon Press).
  
• Bowles, Samuel (1998), 'Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions', Journal of Economic Literature, 36(1), March, pp. 75-111.
  
• (*) Hodgson, Geoffrey M. (1998), 'The Approach of Institutional Economics', Journal of Economic Literature, 36(1), March, pp. 166-92.
  
• Knight, Jack (1992), Institutions and Social Conflict (Cambridge: Cambridge University Press).
  
• (*) Denzau, Arthur T. and North, Douglass, C. (1994), 'Shared Mental Models: Ideologies and Institutions', Kyklos, 47, Fasc. 1, pp. 3-31.
  
• (*) Greif, Avner (1998), 'Historical and Comparative Institutional Analysis', American Economic Review (Papers and Proceedings), 88(2), May, pp. 80-84.
  
• Aoki, Masahiko (2001), Toward a Comparative Institutional Analysis (Cambridge, MA: MIT Press).
  

• Lane, David, Malerba, Franco, Maxfield, Robert and Orsenigo, Luigi (1996), 'Choice and Action', Journal of Evolutionary Economics, 6(1), pp. 43-76.
  
• Hodgson, Geoffrey M. (1997), 'The Ubiquity of Habits and Rules', Cambridge Journal of Economics, 21(6), November, pp. 663-84.
  
• (*) Hodgson, Geoffrey M. (2002) 'The Legal Nature of the Firm and the Myth of the Firm-Market Hybrid', International Journal of the Economics of Business, 9(1), February, pp. 37-60.
  
• (*) Hodgson, Geoffrey M. (2002),'The Evolution of Institutions: An Agenda for Future Theoretical Research', Constitutional Political Economy, 13, pp. 115-31. [in press - will be handed out at the workshop]
  
• Twomey, Paul (1998), 'Reviving Veblenian Economic Psychology', Cambridge Journal of Economics, 22(4), July, pp. 433-48.
  
• Dosi, Giovanni, Marengo, Luigi, Bassanini, Andrea and Valente, Marco
  (1999), 'Norms as Emergent Properties of Adaptive Learning: The Case of Economic Routines', Journal of Evolutionary Economics, 9(1), pp. 5-26.
  
• (*) Langlois, Richard N. (2001), 'Knowledge, Consumption, and Endogenous Growth', Journal of Evolutionary Economics, 11(1), January, pp. 77-93.
  
• Sened, Itai (1997), The Political Institution of Private Property (Cambridge: Cambridge University Press).
  
• (*) Gode, Dhananjay K. and Sunder, Shyam (1993), 'Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality', Journal of Political Economy, 101(1), February, pp. 119-37.
  
• Mirowski, Philip and Somefun, Koye (1998), 'Markets as Evolving Computational Entities', Journal of Evolutionary Economics, 8(4), pp. 329-56.
  

• (*) Loasby, Brian J. (2000), 'Market Institutions and Economic Evolution', Journal of Evolutionary Economics, 10(3), pp. 297-309.