£27.77

Edward Elgar Publishing PRICING, VALUATION AND SYSTEMS: Essays in Neoinstitutional Economics

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£28 today · all-time low £28 (Jun 2026) · usually £46

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£70.00 £23.47 £33.62 £43.77 £53.93 £64.08 £74.23 28 March 2026 19 April 2026 11 May 2026 02 June 2026 25 June 2026

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Description

Pricing, Valuation and Systems reintroduces American neoinstitutional economics as an alternative to the neoclassical orthodoxy. Neoinstitutionalism, Professor Tool argues, provides a pragmatic analysis that confirms that most prices and costs are set by empowered discretionary agents, not by impersonal free markets. Similarly, the institutional fabric of contemporary economic systems is shown to be defined by agents with power, not natural laws or ‘ism’ models. The author’s analysis is based upon the instrumental value theory of neoinstitutionalism rather than the utility value theory of neoclassicism. It challenges the price theory ‘heartland’ of neoclassical theory and the ‘market shock’ approach to restructuring Eastern Europe and offers neoinstitutional alternatives. About the Author Marc R. Tool, Professor Emeritus of Economics, California State University, Sacramento, US

Key Features

Used Book in Good Condition

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
01 January 1995
Listed Since
16 December 2006

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