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Recognizing Governance and Institutional Puzzles

Description

In this lecture Professor Douglas Allen talks about institutional puzzles: how to recognize and explain them. He revisits the concept of efficiency and offers a new way of looking at economic questions where no behavior or phenomenon is labeled as "inefficient".

References

Alchian, Armen A. (1965), ‘Some Economics of Property Rights’, 30 Il Politico, 816-829.

Allen, Douglas W. (2012), The Institutional Revolution: Measurement & the Economic Emergence of the Modern World, (Chicago: UCP).

Cheung, Steven N.S. (1969), A Theory of Share Tenancy, (Chicago, UCP).

Coase, R. (1972), ‘Policy Issues and Research Opportunities in Industrial Organization’, in Fuchs, Victor (ed.), Economic Research: Retrospective and Prospect (Vol.3), NBER General Series no. 96, Cambridge National Bureau of Economic Research, 59-73.

Staten, Michael, and John Umbeck. “Economic Inefficiency: A Failure of Economists,’’ Journal of Economic Education. 20(1), 1989: 57-72.

Douglas Allen, Burnaby Mountain Professor, Department of Economics, Simon Fraser University

Douglas Allen grew up in Langley, British Columbia, and earned his Phd at the University of Washington in 1988. He was an assistant professor at Carleton University in Ottawa before he moved back to Simon Fraser in 1990, and is now the Burnaby Moun (read more ...)