Institutional Law and Economics: The Legal-Economic Nexus

 Our book is out, and we are more than ready to share it!  After much patience, hard work, and delays on our part (and along the supply chain),  The Legal Foundations of Micro-Institutional Performance: A Heterodox Law & Economics Approach is in print and ready for use in advanced undergraduate law and econ classes, heterodox graduate level classes, and by practitioners conducting impact analysis. I encourage anyone interested to click through the hyperlinked text to view the introduction on Elgar's website-- simply click the cover of the book and the front matter will appear. We anticipate numerous reviews in institutional and law and econ journals in the coming months, and are grateful for any and all feedback directed our way. It's our hope that this framework doesn't stop developing here, but rather continues growing like Al Schmid's Situation-Structure-Performance model upon which the Legal-Economic Performance Framework is loosely based, or the application of ...

This week, we are shamelessly promoting the upcoming Institutional Economics: Perspectives and Methods in Pursuit of a Better World ( Pub: October 28th, 2021).   It is edited by our colleague Charles Whalen, who previously reflected on his career as an institutionalist on this blog here , here , and here . The book covers several major institutionalist perspectives and methods in one place. Other authors include Mary Wrenn, and Bill Waller, who are both interviewed in our Legal-Economic Nexus podcast.  How Charles managed to pull this many-authored volume together throughout a global pandemic (with few setbacks) remains a mystery to me.  Eric and I (with Charles) contributed a chapter in the latter section titled: "Institutional impact analysis: the situation, structure, and performance framework." This chapter covers the evolution of Schmid's model, using old files and drafts we found here at MSU and at the University of Wisconsin to piece together the SSP model. Through...

I wanted to time the posting of this lecture with the release of the book that inspired it. Dr. Daniel Bromley's newest work,  Possessive Individualism: A Crisis of Capitalism, will officially hit shelves this coming Monday, November 11th .  This lecture was advertised through the usual channels in MSU's department of Ag, Food, and Resource Economics and via flyers across campus in the summer of 2019 as part of the Extension Center for Local Government Finance and Policy's first Great Lakes school of Institutional Economics meeting. Also coinciding with that meeting was an interview with Dr. Bromley (available here ). Check out that post for a brief bio. This lecture includes a lengthy reading from Possessive Individualism , as well as spirited discussion between the author and several attendees at the end.  Enjoy! *All participants were aware that they were being filmed and that this would be shared for the benefit and enjoyment of all those that could not or did...