From the mainstream economics research frontier towards critical institutional political economy

‘From Political Economy to Economics’ and Beyond

Ben Fine and Dimitris Milonakis have done political economy a great service by drawing attention to the insights lost in the twists, turns and reductions in the transition from political economy to economics. These two volumes constitute a solid foundation upon which a new generation can build a political economy for the future. This review presses some of their meta-theoretical arguments a lit...

Frontier Research in Economics

Co-operation in institutional economics and the political economy of trust

The aim of this paper is to analyze the institutional economics of co-operation and the political economy of trust. It is reviewed the transactions costs, the principal-agent theory, market power, increasing-returns theory and value creation, strategic management, competitive forces, resource-based theory, organizational knowledge and learning, strategic choice theory and the collective efficie...

A view from behavioral political economy on China's institutional change

Article history: Received 23 February 2011 Received in revised form 25 April 2012 Accepted 3 May 2012 Available online 12 May 2012 A behavioral political economy framework is built on the basis of prospect theory to explain the induced and imposed institutional changes during China's market reform, giving special attention to the integrated effects of economic and political institutions. Accord...

Essays in Public Economics and Political Economy

This thesis studies topics in public economics in developed and developing countries, including health insurance regulation, public goods provision and inequality and welfare measurement. The first chapter analyzes the impacts of the managed care backlash in the United States on health care costs in the late 1990s and early 2000s. During the late 1990s, most U.S. states passed a variety of laws...