Institutional transformation: supply or demand?

Article Abstract:

A recent conference dealing with 'Transformations in the Institutional Structure of Production' highlighted how developments in technology, knowledge and transaction costs can have an impact on these transformations. The issue of the role of external and internal restraints in coordinating complicated economic systems was also discussed. There is generally a reciprocal effect between the collective aspects of most of the institutions which have an impact on behaviour.

Analysis, Production management

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Lessons from the past: legal transformation in Germany of the 19th century

Article Abstract:

Germany developed markets in the 19th century prior to the setting up of a legal system for aspects other than technical modernization, and prior to state intervention to deal with social problems.

Economic aspects, Law

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Lessons from the past: legal transformations in Germany of the 19th century: comment

Article Abstract:

It is not clear whether German legal reforms of the 19th century helped pave the way for economic development, and why the reforms were carried out.

Laws, regulations and rules, Institutional economics

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