The emergence of New Institutional Economics toward the end of the twentieth century profoundly changed our ideas about the organization of economic systems and their social and political foundations. Imperfect Institutions explores recent developments in this field and pushes the discussion forward by allowing for incomplete knowledge of social systems and unexpected system dynamics and, above all, by focusing explicitly on institutional policy. Empirical studies extending from Africa to Iceland are cited in support of the theoretical argument.
In Imperfect Institutions Thráinn Eggertsson extends his attempt to integrate and develop the new field that began with his acclaimed Economic Behavior and Institutions (1990), which has been translated into six languages. This latest work analyzes why institutions that create relative economic backwardness emerge and persist and considers the possibilities and limits of institutional reform.
Thráinn Eggertsson is Professor of Economics at the University of Iceland and Global Distinguished Professor of Politics at New York University. Previously published works include Economic Behavior and Institutions (1990) and Empirical Studies in Institutional Change with Lee Alston and Douglass North (1996).
In the twenty years since the dissolution of the Soviet Union, the fifteen new independent republics have embarked on unprecedented transitions from command economies into market-oriented economies.
Important motivating factors for their reform efforts included issues of geographic and economic proximity to Europe and the influence of the pre-Soviet era histories in those countries. In the Shadow of Russia builds upon the conceptual frameworks that include geography and policy choices about economic integration in an analysis of the reform efforts of Kazakhstan and Uzbekistan.
Blackmon's book addresses such central questions as: How and in what areas has a republic's previous level of integration with Soviet-era Russia influenced its present economic orientation? What are the contributing factors that explain the differences in how leaders ( of a similar regime type) developed economic reform policies? To answer these questions, the author utilizes information from both the economic and the political literature on post-communist transitions, as well from political speeches.
Will Saudi Arabia join the democratic wave in the Middle East? The uprisings and revolutions of 2011 do not, yet, seem to have affected the stability of the House of Saud, which remains secretive, highly repressive and propped up by the West.
The Islamic Utopia uses a range of sources including first-hand reporting and recently released WikiLeaks documents to examine Saudi Arabia in the decade after the 9/11 attacks, when King Abdullah’s 'reform' agenda took centre stage in public debate. It considers Saudi claims of 'exemption' from the democratic demands of the Arab Spring.
Andrew Hammond argues that for too long Western media and governments have accepted Saudi leaders' claims to be a buttress against jihadist Islam and that a new policy is needed towards the House of Saud.
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