This paper examines the concept of decentralised autonomous organisations (DAOs), blockchain-based entities intended to operate without central authority or management hierarchy, through the lens of organisational economics. It compares DAOs with conventional organisational forms and explores...

Can theologians, philosophers and economists have a fruitful conversation about human flourishing? In practice, that does not appear to be so easy. Nevertheless, I believe it is worthwhile to bring knowledge from different disciplines into conversation. In doing so, I choose an approach that...

This study investigates how new R&D institutions mediate policy-market disjunctures to foster integrated innovation and entrepreneurship ecosystems. Employing a longitudinal case analysis (2013-2023) of the Jiangsu Industrial Technology Research Institute (JITRI), we delineate a three-phase...

Transaction cost economics (TCE) and the theory of governance structures developed by Oliver Williamson have demonstrated significant explanatory power across institutional economics, law and economics, public policy, and strategic management. This review evaluates the predictive potential of...

This paper was prepared to support the Libyan Ministry of Health in designingand establishing its health economics unit. Over the past decade, Libya's health systemhas been significantly and negatively impacted by the country's conflict, and the Ministryof Health has not been able to execute key...

Institutional analysis of rural development (IARD) is characterised by systematic attention given to the institutional dimensions of the rural development process. While different research enquiries have been developed in recent decades, which can be framed by rural development, a systematic...

Purpose The paper provides a detailed historical account of Douglass C. North's early intellectual contributions and analytical developments in pursuing a Grand Theory for why some countries are rich and others poor. Design/methodology/approach The author approaches the discussion using a...

Over the last couple of decades, non-majoritarian institutions (NMIs) have been introduced in many countries. Of late, they have been criticized as promoting technocracy to the detriment of democracy. A number of political scientists even argue that they would strengthen populists and be, hence,...

Robert Higgs’ work has great significance for understanding the role of state power in the economic and political oppression of social groups targeted for discrimination. In this chapter, I draw three themes from Higgs’ work that can be applied to better understand the nature, function, and...

Pakistan has suffered from pervasive corruption since its foundation. It deals with an unstable political atmosphere and unsustainable economic development due to its fragile institutional setting. The predominance of military power that does not hesitate to overrule any government when it faces...

Stakeholder theorists have traditionally objected to the neoclassical conception of the firm as a vehicle for maximizing profit or shareholder wealth, thus opening up space for controversial engagement with neoclassical economics. The present paper fills some of this space by elaborating the...

This research aims to investigate how institutional pressures, such as legal, cultural, and normative factors, affect CSR reporting (CSRR) in the context of a developing nation. Based on the purposive sample method, 272 DSE-listed companies from 2017-18 to 2020-21 were identified, and 1088...

The New Institutional Economics (NIE) has its early roots in Cliometrics. Cliometrics began with a focus on using neoclassical theory to develop and test hypotheses in economic history. But empirical consideration of economic and political development within and across countries is limited,...

The European Commission is charged with implementing the Digital Markets Act (DMA) which will impose a list of 22 do and don't to Big Tech platforms in March 2024. Based on economic and legal reasoning, this paper asks how the Commission can fulfil this challenging task effectively. The paper...

This Element qualifies the common understanding of State-Owned Enterprises (SOEs) as mere instruments of the state and instead conceive of them as economic actors in their own right. Specifically, SOE top management teams have leeway to diverge from goals that the state they are owned by...

This Element brings together the problems of economic calculation, institutional diversity, and institutional feasibility, arguing that these themes are deeply interconnected and mutually reinforcing. Building on recent developments in institutional theory, political economy, social philosophy,...

Die Ökonomische Analyse des Rechts entwickelte sich in den 1960er Jahren in den USA und hat sich inzwischen einen Platz in der deutschen juristischen Methodenlehre gesichert. Eng mit ihr verwandt ist die wirtschaftswissenschaftliche Strömung der Neuen Institutionenökonomik. Während die...