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Daniel Bromley
Daniel W. Bromley (born 1940) is an economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development. He has been editor of the journal '' Land Economics'' since 1974. Career Bromley graduated from Utah State University in 1963 with a degree in Ecology. He then received an M.S. (1967) and PhD (1969) in natural resource economics from Oregon State University, where his major professor was Emery Castle. Bromley began working as a professor at the University of Wisconsin-Madison in 1969 and retired after 40 years. He served two terms as chair of the Department of Agricultural and Applied Economics in the University of Wisconsin–Madison College of Agricultural and Life Sciences. In 2014 he published ''Wisconsin Becoming: The Careful Creation of Pros ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institutional Economics
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behavior. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919 ''American Economic Review'' article by Walton H. Hamilton. Institutional economics emphasizes a broader study of institutions and views markets as a result of the complex interaction of these various institutions (e.g. individuals, firms, states, social norms). The earlier tradition continues today as a leading heterodox approach to economics.Warren J. Samuels ( 9872008). "institutional economics," '' The New Palgrave: A Dictionary of Economics''Abstract. "Traditional" institutionalism rejects the ''reduction'' of institutions to simply tastes, technology, and nature (see naturalistic fallacy). Tastes, along with expectations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
