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Sufficient Reason
"Bromley argues that standard economic accounts see institutions as mere constraints on otherwise autonomous individual action. Some approaches to institutional economics - particularly the "new" institutional economics - suggest that economic institutions emerge spontaneously from the voluntary interaction of economic agents as they go about pursuing their best advantage. He suggests that this approach misses the central fact that economic institutions are the explicit and intended result of authoritative agents - legislators, judges, administrative officers, heads of states, village leaders - who volitionally decide upon working rules and entitlement regimes whose very purpose is to induce behaviors (and hence plausible outcomes) that constitute the sufficient reasons for the institutional arrangements they create."--BOOK JACKET.
Possessive Individualism
Daniel Bromley offers a fundamental critique of contemporary capitalism to explain why the world now finds itself in widespread disorder. The basic flaw, he argues, is the triumph of a culture of possessive individualism. As a result, capitalism is no longer an engine of improved livelihoods and social hope. Bromley explains that escape from this disorder requires that the private firm be reimagined as a public trust whose purpose is to offer plausible livelihoods as it also serves our acquisitive wants. However, the possessive individual also bears urgent responsibilities. We must renew the idea of loyalty to others-whether neighbors, fellow workers, or society at large.
Possessive Individualism
Anxiety and alienation threaten modern democracies. Political anger runs rampant in the United States, Britain voted to leave the European Union, authoritarian governments control several European countries, and millions of desperate migrants are streaming north out of the Middle East, Africa, and Latin America. Many people blame stagnant household incomes and economic inequality. However, Possessive Individualism argues that the origins of world disorder are in the failure of the Enlightenment to anticipate the acquisitive individual as a creature of global capitalism. Daniel Bromley provides a fundamental critique of contemporary capitalism to explain why the world now finds itself in wide...
Vulnerable People, Vulnerable States
Over 5 decades of economic and technical assistance to the countries of Africa and the Middle East have failed to improve the life prospects for over 1.4 billion people who remain vulnerable. Billions of dollars have been spent on such assistance and yet little progress has been made. Persistent hunger and hopelessness threaten more than individuals and families. These conditions foster political alienation that can easily metastasize into hostility and aggression. Recent uprisings in the Middle East are emblematic of this problem. Vulnerable people give rise to vulnerable states. This book challenges the dominant catechism of development assistance by arguing that the focus on economic grow...
Economics, Ethics, and Environmental Policy
Economics, Ethics, and Environmental Policy: Contested Choices offers a comprehensive analysis of the ethical problems associated with basing environmental policy on economic analysis, and ways to overcome these problems.
Sufficient Reason
In the standard analysis of economic institutions--which include social conventions, the working rules of an economy, and entitlement regimes (property relations)--economists invoke the same theories they use when analyzing individual behavior. In this profoundly innovative book, Daniel Bromley challenges these theories, arguing instead for "volitional pragmatism" as a plausible way of thinking about the evolution of economic institutions. Economies are always in the process of becoming. Here is a theory of how they become. Bromley argues that standard economic accounts see institutions as mere constraints on otherwise autonomous individual action. Some approaches to institutional economics-...
Making the Commons Work
Next, case studies from around the world demonstrate how collective systems function under diverse conditions with reasonable success. Finally, implications for further research and for effective policy formulation are explored.
Natural Connections
Both realism and justice demand that efforts to conserve biological diversity address human needs as well. The most promising hope of accomplishing such a goal lies in locally based conservation efforts -- an approach that seeks ways to make local communities the beneficiaries and custodians of conservation efforts. Natural Connections focuses on rural societies and the conservation of biodiversity in rural areas. It represents the first systematic analysis of locally based efforts, and includes a comprehensive examination of cases from around the world where the community-based approach is used. The book provides: an overview of community-based conservation in the context of the debate over sustainable development, poverty, and environmental decline case studies from the developed and developing worlds -- Indonesia, Peru, Australia, Zimbabwe, Costa Rica, the United Kingdom -- that present detailed examples of the locally based approach to conservation a review of the principal issues arising from community-based programs an agenda for future action
The Institutional Economics of Water
This publication examines issues of water sector reform and performance from the perspectives of institutional economics and political economic studies. The authors develop an alternative quantitative assessment methodology based on the principle of 'institutional ecology', as well as data collected from 127 water experts from 43 countries and regions around the world using a cross-country review of recent water sector reforms within an institutional transaction cost framework.
