This 1997 book is the second volume of three comprising papers which examine the latest developments in economic theory, applied economics and econometrics presented at the Seventh World Congress of the Econometric Society in Tokyo in August 1995. The topics were carefully selected to represent the most active fields in the discipline over the past five years. Written by the leading authorities in their fields, each paper provides a unique survey of the current state of knowledge in economics. Designed to make the material accessible to a general audience of economists, these volumes should be helpful to anyone with a good undergraduate training in economics who wishes to follow new ideas and tendencies in the subject.
• Editors and contributors are all recognised as being the leading authorities in their particular subfields • All the material is entirely up to date representing the very latest developments in cutting-edge research • The papers are written to make them as accessible as possible to non-specialists
1. Incentives and careers in organizations Robert S. Gibbons; 2. Endogenous growth: lessons for and from economic history N. F. R. Crafts; 3. Microtheory and recent developments in the study of economic institutions through economic history Avner Greif; 4. Poverty traps Partha S. Dasgupta; 5. Microenterprise and macropolicy Robert M. Townsend; 6. Markets in transition John McMillan; 7. Transition as a process of large-scale institutional change Matthias Dewatripont and Gérard Roland; 8. A Schumpeterian perspective on growth and competition Philippe Aghion and Peter Howitt; 9. Learning and growth Boyan Jovanovic.