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Institutional Economics - reading list 2017/2018


Definition and the main types of institutions and their systems. Role of institutions versus psychological and social factors in economic performance. Importance of political and economic institutions for economic growth. Types of property rights systems. Monetary regimes. Financial system. Public finances, taxes. Institutions of labor market. Institutions and economic growth. Institutional change.

  • Balcerowicz L., Socialism, Capitalism, Transformation,Central European University Press, Budapest 1995.
  • Balcerowicz L., Toward a Limited State,“Cato Journal”, Vol. 24,No. 3,Fall 2004.
  • Balcerowicz L., Institutional System and the Quality of Life (power point presentation).
  • Lewis W. W., The Power of Productivity: Wealth, Poverty, and the Threat to Global Stability, The University of Chicago Press, 2004.
  • Baumol W., Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity, Yale University Press.
  • Hazlitt H., Economics in One Lesson, Three Rivers Press,1988.
  • Oleh Havrylyshyn, Xiaofan Meng, and Marian L. Tupy, 25 Years of Reforms in Ex-Communist Countries: Fast and Extensive Reforms Led to Higher Growth and More Political Freedom, CatoInstitute, POLICY ANALYSIS NO.795.
  • Dorn, James, A., Economic Liberty and Democracy, “Orbis”, Vol. 37, Issue 4, Autumn.
  • Epstein, Richard A., Taxation, Regulation and Confiscation, “Osgoode Hall Law Journal”, 20 September 1982, pp. 433-453.
  • Jasay, Anthony de, Social Justice examined: with a little help from Adam Smith, in: Jose Casas Padro, Pedro Schwartz (ed.) Public Choice and the Challenges of Democracy, Edward Elgar Publishing, Cheltenham and Northampton, Mass. 2007, pp. 35-44.
  • Nozick, Robert, Who Would Choose Socialism?, “Reason”, May 1978, pp. 22-23.
  • Nozick, Robert, Why Do Intellectuals Oppose Capitalism?, in: Craig Aronoff (ed.), The Future of Private Enterprise, Georgia State University Business Press, Atlanta 1986.
  • Palmer, Tom G, Twenty Myths About Market , in: Property and Freedom, Realizing Freedom. Libertarian Theory, History, and Practice, Cato Institute, Washington, D.C. 2009, pp. 155-181.
  • Pipes Richard, The Institution of Property, in: Property and Freedom. Used by permission of Alfred A. Knopf, adivision of Random House, Inc.
  • Shleifer, Andre, State versus Private Ownership, “Journal of Economic Perspectives”, Vol. 12, No. 4, Fall 1998, pp. 133-150.
  • Tanzi, Vito, The Economic Role of the State in the 21st Century, “Cato Journal”, Vol. 25, No. 3., Fall 2005, pp. 617-638.
  • Weede, Erich, Human Rights, Limited Government, And Capitalism, “Cato Journal”, Vol 28. No. 1, Winter 2008, pp. 35-52.
  • Zingales, Luigi, Financial Markets and Economic Freedom, in: Mark A. Wynne, Harvey Rosenblum, Robert L. Formaini (ed.), The Legacy of Milton and Rose Friedman’a Free to Choose. Economic Liberalism at the Turn of the 21st Century. Federal Reserve Bank of Dallas, Dallas 2004, pp. 175-189.