Исходя из этой перспективы, автор анализирует подходы сторонников "свободного
рынка", таких как Милтон Фридман, и "нового институционализма" Оливера
Уилльямсона. Он критикует неоклассический и австрийский взгляды на действие
рынков, предлагая взамен новый убедительный синтез работ Кейнса, Веблена,
Саймона и Маркса. Ходжсон в итоге призывает к радикально новому подходу
к выработке экономической политики, основанному на структурной реформе
и институциональном вмешательстве в экономику.
PART I - PRELUDE 1. Introduction and Outline 2. On Methodology and Assumptions
PART II - A FAREWELL TO `ECONOMIC MAN? 3. Behind Methodological Individualism
4. The Maximisation Hypothesis 5. The Rationalist Conception of Action
6. Action and Institutions PART III - ELEMENTS OF AN INSTITUTIONAL ECONOMICS
7. Contracts and Property Rights 8. Markets as Institutions 9. Firms and
Markets 10. Expectations and the Limits to Keynes 11. Directions and Policy
Implications
Professor Richard Nelson, Columbia University: "a superb book ... what is especially impressive is the sweep of the author's grip on literature in diverse fields of economics, his knowledge of work outside economics particularly in psychology and philosophy, and the clarity and force of his presentation...It is must reading for economists pre-disposed to question contemporary orthodoxy".
Profeesor Norman Clark, University of Sussex: "a book of impressive scholarship [and] an excellent read. Written with great care, refreshing intellectual honesty and with a wide canvas of relevant literature, it should be on the "essential" reading lists of all final year and postgraduate economics students".
Professor A. Allan Schmid, Michigan State University: "a landmark work in the evolution of institutional economics".