Download or read book Advanced Introduction to New Institutional Economics written by Ménard, Claude and published by Edward Elgar Publishing. This book was released on 2022-01-14 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited?