Similar to fellow Nobelists Vernon Smith and Richard Thaler, Elinor Ostrom has emphasized not just our cognitive limits, but also the institutions that people create to overcome them. But, while Vernon Smith or Thaler still focus primarily on private choices, and the institutions within which...

Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents -- List of Figures -- List of Tables -- Acknowledgments -- Introduction -- Overcoming Prejudice -- Basic Principles of Institutional Economics -- What Are Institutions? -- Transaction Costs -- The Limits of Institutional...

How do political environments influence the behavior of economists who transition from academic and business environments to policymaking positions? And, more specifically, are an economist's preexisting beliefs and principles congruent with their policy stances and actions once they transition...