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Institutional economics of the "Market Itself": an attempted answer to a complaint by Ronald Coase
Eine Institutionenökonomie des "Marktes selbst": der Versuch einer Antwort auf eine Kritik Ronald Coases
This paper is motivated by the remark of Coase that 'although economists claim to study the working of the market, in modern economic theory the market itself has an even more shadowy role than the firm.' It is argued that under conditions of positive transaction costs, incomplete foresight and bounded rationality - the conditions of the New Institutional Economics (NIE) - the institutional framew…
Creator
- Richter, Rudolf
Subject
- Sociology & anthropology
- Economics
- new institutional economics; theory of markets; organization of markets
- Basic Research, General Concepts and History of Economics
- National Economy
- Sociology of Economics
- institutional factors
- control
- collective decision
- historical analysis
- …
- Economics
- Award
- Marketplace
Type of item
- Zeitschriftenartikel
Creator
- Richter, Rudolf
Subject
- Sociology & anthropology
- Economics
- new institutional economics; theory of markets; organization of markets
- Basic Research, General Concepts and History of Economics
- National Economy
- Sociology of Economics
- institutional factors
- control
- collective decision
- historical analysis
- …
- Economics
- Award
- Marketplace
Type of item
- Zeitschriftenartikel
Providing institution
Aggregator
Rights statement for the media in this item (unless otherwise specified)
- http://creativecommons.org/licenses/by/4.0/
Rights
- GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Creation date
- 2011
- 2011
Places
- Deutschland
- Germany
Provenance
- Status: Veröffentlichungsversion; begutachtet (peer reviewed)
Source
- Historical Social Research, 36(3)
Identifier
- http://www.deutsche-digitale-bibliothek.de/item/CWOOTL4AARHHBLXI7O4X5QMJOG5SOE6O
- oai:gesis.izsoz.de:document/35749
- 0172-6404
- http://www.ssoar.info/ssoar/handle/document/35749
- urn:nbn:de:0168-ssoar-357495
- https://doi.org/10.12759/hsr.36.2011.3.34-54
- http://www.ssoar.info/ssoar/bitstream/handle/document/35749/ssoar-hsr-2011-3-richter-Institutional_economics_of_the_Market.pdf?sequence=1
Extent
- Seite(n): 34-54
Format
- application/pdf
Language
- eng
- eng
Year
- 2011
Providing country
- Germany
Collection name
First time published on Europeana
- 2022-01-21T09:51:58.264Z
Last time updated from providing institution
- 2022-01-21T09:51:58.264Z