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Mehrdad Vahabi
Mehrdad Vahabi (born 1963) is an Iranian professor of Economics at Sorbonne Paris North University, Université Sorbonne Paris Nord (Paris) and director of Centre d'Economie Paris Nord-CEPN. Biography Vahabi was born in 1963 in Tehran. He completed his higher education first in the United States and then in France. In 1981 he received his Bachelor from University of Chicago, and then in October 1993 he received his PhD in Economics from Université Paris 7 - Denis Diderot, Paris 7 University on ''La pensée économique de János Kornai (1955-1984) : de la réforme de l'économie socialiste à la théorie de l'économie de pénurie''. After that he received his ''Habilitation à Diriger des Recherches'' (HDR) from Paris 1 Panthéon-Sorbonne University, Université Paris 1 on ''Les modes de coordination et les institutions: vers une approche dynamique''. He is currently a professor of Economics in Sorbonne Paris North University (Paris 13) and the director of Centre d'Economie Par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Institutional Economics
New Institutional Economics (NIE) is an economic perspective that attempts to extend economics by focusing on the institutions (that is to say the social and legal norms and rules) that underlie economic activity and with analysis beyond earlier institutional economics and neoclassical economics. The NIE assume that individuals are rational and that they seek to maximize their preferences, but that they also have cognitive limitations, lack complete information and have difficulties monitoring and enforcing agreements. As a result, institutions form in large part as an effective way to deal with transaction costs. NIE rejects that the state is a neutral actor (rather, it can hinder or facilitate effective institutions), that there are zero transaction costs, and that actors have fixed preferences. Overview It has its roots in two articles by Ronald Coase, " The Nature of the Firm" (1937) and " The Problem of Social Cost" (1960). In the latter, the Coase theorem (as it was su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |