At the end of the course, students will be able to evaluate the economic phenomena from the perspective of institutional economics. Students will be able to identify the rules that affect such phenomena, and their dynamics through time.
The foundation of institutional economics, and its relationship with classic and neoclassic economics.
Institutionalist schools: from the old institutional economics to new institutional economics.
The Coase theorem. Property rights and transaction costs: the “normalised” institutionalism by the New Institutional Economics.
Economics as an evolutionary science: the generalized Darwinism.
Historical examples of institutional divergence.
1) Acemoglu D., Robinson J., Perché le Nazioni Falliscono, il Saggiatore, 2014.
2) Searle J. R., What is an Institution?, Journal of Institutional Economics 1.01 (2005): 1-22.
3) Hodgson, G. M., Darwinism and institutional economics, Journal of Economic Issues 37.1 (2003): 85-97.
4) Hodgson G. M., What is the Essence of Institutional Economics?, Journal of Economic Issues 34.2 (2000): 317-329.
5) Cooter R., Mattei U., Monateri P.G., Ulem T., Il Mercato delle Regole, il Mulino, 1999, cap.II: pp. 79-130.