Encuadernación Sukharev O.S. Theory of Economic Growth: Institutions, Structures, Technologies, Information
Id: 233660
29.9 EUR

Theory of Economic Growth: Institutions, Structures, Technologies, Information

URSS. 346 pp. (English). Cartoné. ISBN 978-5-9710-5065-0.

The theory of economic growth presented in the monograph allows considering the influence of institutional changes, information and the economy structure on the growth rate and the growth quality of technologies. Eventually it is the economy structure that grows. It is influenced by various factors and the growth itself and it simultaneously defines economic dynamics.

Besides the growth models, the models of information asymmetry are suggested in the monograph. Influence of information asymmetry and influences of inequality level in income distribution on the growth of the system are explained. The author gives the functional model of economic growth when there is a dysfunction in the relevant functions of the system. The relationship of this effect with the conditions of the system growth is demonstrated.

The book will be useful for postgraduate students, doctoral candidates, researchers, developers of macroeconomic growth policy, and senior students of economic universities.

Chapter 1. Institutional Factors of Economic Changes9
1. Douglas North Theory: Separate Features9
2. Ideas on Economic Changes: Following North18
3. Institutions and Agents Interaction23
4. Institutional Macroeconomics: How Important the Irrational Principle Is32
Chapter 2. Institutional Theory of Economic Growth: Basic Imperatives41
1. Institutionalism and the Study of Economic Changes and Growth41
2. Economic Growth and Technological Changes44
3. Institutions and Economic Growth48
4. Institutions Adaptation and Economic Growth58
5. Institutional Macroeconomics and Technological Changes: Microbases62
Chapter 3. Institutional Theory of Technological Changes: Definitions, Classification and Models72
1. Technologies: Classification and Structure72
2. Economic Analysis of Technological Changes82
3. Firm and Technologies: Institutional Condition of Growth89
4. Economic theory of technological changes: basic principles101
4.1. Conditions of Technological Development101
4.2. Trajectories of Technological Development105
Chapter 4. Structural Modelling of Economic Growth: Technological Changes113
1. Statement of Structural Problem of Economic Growth115
2. Technological Growth of Economic Systems122
3. Modes of Competitive Development of Old and New Technological Combinations: Random Example133
Chapter 5. New Institutionalism: «Traps», Transactional Costs and Coase Theorem141
1. Institutions Inefficiency and Defects of the Concept of “Institutional Traps”141
2. Transactional Costs and Coase Theorem Specification of Deforming Explanations151
Chapter 6. Theory of Efficiency Economic Systems162
1. Maximum efficiency and exchange163
2. Economic, Social and Ecological Efficiency172
Chapter 7. Entrepreneurship and Institutional Principles of Assets Privatization and Nationalization183
1. Entrepreneurship in Economy and Economics183
2. Principles of Asset Management in Public and Private Sectors186
Chapter 8. Information Functions and Modes of Information Development of Controlled Systems194
1. Economic System Management and Basic Functions of Information195
2. Types of Information and Information Potential of the System202
3. “Information Development” of the Systems and Management209
Chapter 9. The Economic Theory of Information: Correction of Classical Principles of Consumer Behaviour214
1. Information as an Economic Good214
2. Information and Consumer Behaviour217
3. Principles of Consumer Behaviour with Regard to Information221
4. Economic Choice and Information: Conditions of Unfavourable Selection229
Chapter 10. Information and Agents: How Behaviour Model Is Formed234
1. Information Influence: Expectations of the Supply and Demand Agents235
2. Agents and Information: the Psychology of Choice244
Chapter 11. Economic Growth and Information254
1. Information, Economic Growth and Reform254
2. The Government and Information265
3. The Principle of Knowledge Transfer271
4. Information Asymmetry, Inequality and Economic Growth284
5. Technological Function, Inequality, Information Asymmetry and Economic Growth299
6. The Dysfunction Model with the Change of Information Potential in the Course of Unfavourable Selection312
7. Planning as Management Function323
Chapter 12. Global Excess Policy and Institutions327
1. Institutional Conditions of Globalization327
2. Organization of Global Excess Policy331
3. Institutional Changes against Global Excess333
4. Superficial Adjustments of the International Order335
5. Programs of Reshaping the International Order336

El autor
Oleg S. Sukharev


Professor, Head of Laboratory of Institutional Economics at the Institute of Problems of Market of the Russian Academy of Science. Chief researcher of the Institute of Economy RAS. Author of more than 20 books and more than 300 papers on institutional economics, macroeconomics policy, innovation theory of companies and industry, theory of economic growth and institutional change. Oleg S. Sukharev is the author of the concept of dysfunction of institutions and economic systems, has developed a method for measuring dysfunctional states and evaluating the effectiveness of the system of economic organization, and proposed a model of neo-Shumpeterian competition “innovator–conservative” with correction of the findings for economic policy.