Economics
Johanna Hochloff
Regeln, Institutionen und Ordnungen
Die kulturelle Ökonomik von Friedrich A. von Hayek und Douglass C. North
[Rules, Institutions, and Orders. The Cultural Economics of Friedrich A. von Hayek and Douglass C. North.]
79,00 €
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including VAT
hardcover
ISBN 978-3-16-156864-0
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Published in German.
The Nobel Prize laureates Douglass C. North and Friedrich A. von Hayek are key figures in institutional economics. North developed the »Theory of Institutional Change« and Hayek the »Theory of Cultural Evolution«, which both provide a profound explanation of the functioning und development of rules, institutions, and orders, while emphasizing the role of culture and cultural heritage. The success of economic reforms is related in no small measure to their findings.