IDST 3100Y Lecture Notes - Lecture 13: Mattress, Instrumentalism, Institutional Critique
7 Mar 2015
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1: definitions & terms, neo-classicism modified: the new institutional economics (+ review of environment, critical perspectives, pro-poor growth. Objectives: to review core terms/indicators, to understand and critically assess the new institutional economics & critiques, to examine implications for pro-poor growth. Characteristics of poverty: rural, ag. labourers, landlessness, small landholdings on marginal land, large hh size, remoteness (from markets, urban areas), low education, poor health. There are different levels" of institutional analysis and corresponding different definitions of institutions (see next slide). The focus is on contracts, i. e. the form or informal agreements which govern interaction between people as buyers, sellers, lenders, borrowers, etc: the new institutional economics operate at this level. A distinction can be made between between different levels of institutions which correspond to different types of analysis undertaken within economics, and the social sciences more broadly. Judiciary, bureaucracy: models of national income, old institutional economics. Source: modified from williamson, 2000, the new institutional economics , jel, vol. 38.
