Economic Institutions and Growth Policy Analysis

Readings

SES #	TOPICS	READINGS
1	Introduction	Powell, Walter, and Paul DiMaggio. “Introduction.” In The New Institutionalism in Organizational Analysis. Chicago, IL: University of Chicago Press, 1991, pp. 1-38. ISBN: 9780226677095. Hall, Peter, and Rosemary Taylor. “Political Science and the Three New Institutionalisms.” Political Studies (1996): 936-957. Butterworth Scientific.
2	The Division of Labor and the Problem of Coordination	Putterman, Louis, and Randall Kroszner. The Economic Nature of the Firm: A Reader. Cambridge, UK: Cambridge University Press, 1986. ISBN: 9780521311403. (Excerpts from Smith, Marx, Knight, Hayek.) Geertz, Clifford. Peddlers and Princes: Social Change and Economic Modernization in Two Indonesian Towns. Chicago, IL: University of Chicago Press, 1968. ISBN: 9780226285146.
3	Economics Institutions	North, Douglas. Institutions, Institutional Change, and Economic Performance. Cambridge, UK: Cambridge University Press, 1990. ISBN: 9780521397346. Alchian, Arman, and Harold Demsetz. “Production, Information Costs, and Economic Organization.” American Economic Review 62 (1972): 777-795. Students may also wish to consult: North, D. C. “Institutions, Transaction Costs and Economic Growth.” Economic Inquiry 25, no. 3 (1987): 419-428. ———. “Economic Performance Through Time.” American Economic Review 84, no. 3 (1994): 359-368.
4	The Corporation: Hierarchies and Markets	Coase, Ronald. “The Nature of the Firm.” Economica 4 (1937): 386-405. Chandler, Alfred. The Visible Hand. Paris, France: Economica, 1989. ISBN: 9782717816914. (Excerpt.) Williamson, Oliver. “The Institutions and Governance of Economic Development and Reform.” Proceedings of the World Bank Annual Conference on Development Economics, 1994. (Comments by Robert D. Putnam and Peter Murrell.) Jensen, Michael. “The Eclipse of the Public Corporation.” Harvard Business Review 67, no. 5 (1989): 61-74. Hart, Oliver. “An Economist’s Perspective on the Theory of the Firm.” Columbia Law Review 89, no. 7 (1989): 1757-1774. Gerschenkron, Alexander. “Economic Backwardness in Historical Perspective.” In Economic Backwardness in Historical Perspective. Cambridge, MA: Belknap Press of Harvard University Press, 1962, pp. 5-30. ISBN: 9780674226005. Amsden, Alice. “Three-Pronged Investment.” Chapter 5 in The Rise of ‘The Rest’: Challenges to the West from Late-Industrializing Economies. New York, NY: Oxford University Press, 2003. ISBN: 9780195170597.
5	Classic Bureaucracy	Weber, Max. “Bureaucracy.” In From Max Weber: Essays in Sociology. Edited by H. Gerth and C. Wright Mills. New York, NY: Oxford Press, 1958, pp. 196-244. ISBN: 9780195004625. Crozier, Michel. The Bureaucratic Phenomenon. Chicago, IL: University of Chicago Press, 1964, part 3, pp. 145-212. ISBN: 9780226121666. DiMaggio, Paul, and Walter Powell. “The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields.” American Sociological Review 48 (1983): 147-60.
6	Street Level Bureaucracy	Wilson, James Q. Varieties of Police Behavior. Cambridge, MA: Harvard University Press, 1968, pp. 1-139 and 278-299. ISBN: 9780674932104.
7	Types of Firms: Optimum Firm Structure	The New Corporation I Piore, Michael, and Charles Sabel. The Second Industrial Divide. New York, NY: Basic Books, c1986, chapters 1-3 and 10, pp. 1-72 and 251-280. ISBN: 9780465075638. Powell, Walter. “Neither Market Nor Hierarchy: Network Forms of Organization.” Research in Organizational Behavior 12 (1990): 295-336. Eccles, Robert, and Dwight Crane. Doing Deals: Investment Banks at Work. Boston, MA: Harvard Business School Press, 1988, introduction and chapter 1, pp. 1-34. ISBN: 9780875841991. Winograd, Terry, and Fernaldo Flores. Understanding Computers and Cognition. Reading, MA: Addison-Wesley, 1987, pp. 14-37. ISBN: 9780201112979. Putnam, Hilary. Pragmatism: An Open Question. Oxford, UK: Blackwell, 1995. ISBN: 9780631193432. Piore, Michael. Beyond Individualism. Cambridge, MA: Harvard University Press, 1995, chapters 4-5, pp. 95-139. ISBN: 9780674068971. Sabel, Charles. “Learning by Monitoring: The Institutions of Economic Development.” In Rethinking the Development Experience. Edited by L. Rodwin and D. Schon. Washington, DC: Brookings Institution, 1994, pp. 231-274. ISBN: 9780815775515. Piore, Michael, Richard Lester, and Kamal Malek. The Division of Labor, Coordination, and Integration: Case Studies in the Organization of Product Design in the Blue Jeans Industry. MIT Industrial Performance Center Working Paper 97-005WP. Cambridge, MA: MIT Industrial Performance Center, 1997. The New Corporation II Chandler, Alfred, and Takashi Hikino. “The Large Industrial Enterprise and the Dynamics of Modern Economic Growth.” In Big Business and the Wealth of Nations. Edited by A. Chandler, F. Amatori, and T. Hikino. Cambridge, UK: Cambridge University Press, 1997, pp. 24-57. ISBN: 9780521481236. Amsden, Alice. “Industrializing Late,” “A New Control Mechanism,” and “Big Business.” Chapter 1, 2, and 8 in The Rise of ‘The Rest’: Challenges to the West from Late-Industrializing Economies. New York, NY: Oxford University Press, 2003. ISBN: 9780195170597. Schneider, Ben Ross. “Elusive Synergy: Business-Government Relations and Development.” Comparative Politics (October 1998).
8	Culture	Cross-National Comparisons Crozier, Michel. The Bureaucratic Phenomenon. Chicago, IL: University of Chicago Press, 1964, part 4, pp. 213-314. ISBN: 9780226121666. Clarke, Rodney. The Japanese Company. New Haven, CT: Yale University Press, 1981, pp. 1-95 and 221-261. ISBN: 9780300026467. Westney, Eleanor. Imitation and Innovation: the Transfer of Western Organizational Patterns to Meiji Japan. Cambridge, MA: Harvard University Press, 1987, pp. 1-32 and 210-224. ISBN: 9780674444379. Within Organizations Kunda, Gideon. Engineering Culture. Philadelphia, PA: Temple University Press, 1992. ISBN: 9780877228455. Kreps, D. “Corporate Culture and Economic Theory.” In Perspectives on Positive Political Economy. Edited by J. Alt and K. Shepsle. Cambridge, UK: Cambridge University Press, 1990. ISBN: 9780521398510.
9	Economie Du Convension	Wagner, Peter. “Dispute, Uncertainty and Institution in Recent French Debates.” Journal of Political Philosophy 2, no. 3 (1994): 270-289. Ostrom, Elinor. Governing the Commons: The Evolution of Institutions for Collective action (Political Economy of Institutions and Decisions). Cambridge, UK: Cambridge University Press, 1990. ISBN: 9780521405997.
10	Institutions and Globalism	Piore, Michael. “Rethinking International Labor Standards.” Mimeo, Department of Economics, MIT, 2000. For presentation at: Conference on Labor and the Globalization of Production. Center for Economic Policy Analysis, New School University, March 2002. Amsden, Alice. “Macro-sweating Policies and Labour Standards.” In International Labour Standards and Economic Interdependence. Edited by W. Sengenberger and D. Campbell. Geneva, Switzerland: International Institute for Labour Studies, 1994, pp. 185-93. ISBN: 9789290145332.
11	Evolutionary Theories	Knight, Jack. Institutions and Social Conflict. Cambridge, UK: Cambridge University Press, 1992, pp. 84-170. ISBN: 9780521421898. North, Douglas. Structure and Change in Economic History. New York, NY: Norton, 1981. ISBN: 9780393952414. Nelson, Richard, and Sidney Winter. An Evolutionary Theory of Economic Change. Cambridge, MA: Harvard University Press, 2006. ISBN: 9780674272286.