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Financial Markets and Economic Development: Myth and Institutional Reality

In: The Evolution of Economic Institutions

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  • Jan Kregel

Abstract

It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. This essential reader covers topics such as the relationship between institutions and individuals, institutions and economic development, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting-edge developments in the field but also indicates key directions of future research for institutional and evolutionary economics.

Suggested Citation

  • Jan Kregel, 2007. "Financial Markets and Economic Development: Myth and Institutional Reality," Chapters, in: Geoffrey M. Hodgson (ed.), The Evolution of Economic Institutions, chapter 8, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:12603_8
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    Keywords

    Economics and Finance;

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