I.C.N.I.E.

Authors: Herrera, Paul A. van Huylenbroeck, Guido Espinel, Ramon L.

The central hypothesis of this paper is that there may be situations in which the traditional approach to institutional analysis is of limited applicability. Such an approach, which has been called ‘comparative institutional analysis’, consists of comparing institutional environments and institutional arrangements in terms of specific economic or other efficiency criteria to see which one performs better. However, because of limitations to accurately predict the future performance of alternative institutional settings, comparisons are not always possible.

Furthermore, in most cases the only information available is the performance of the current institutional setting. To account for this methodological deficiency, a generic methodology for institutional analysis, which consists of four steps (institutional structure, institutional efficiency, institutional choice, and institutional change), is proposed in this paper.

Accordingly, the emphasis switches from evaluating alternative institutional choices to improving current scenarios. To show the validity of this methodology, some results of its application to a case study are presented. Although more research on this four-step methodology is needed, it proved to be robust when applied to the analysis of the governance of irrigated agriculture in the Peninsula of Santa Elena, Ecuador.

Download: http://purl.umn.edu/24542

Quo Vadis Ekonomi Pancasila? Pertanyaan yang masih relavan. Tidak hanya pada tataran wacana, tetapi lebih penting lagi pada tataran praktis di tengah proses pembangunan di Indonesia. Selain itu, pertanyaan lain adalah bagaimana hubungan ekonomi pancasila dengan ekonomi kelembagaan. Mari mempelajari gagasan pemikiran Mukhaer Pakkanna berikut ini.

Quo Vadis Ekonomi Pancasila?

Oleh: Mukhaer Pakkanna, Peneliti CIDES dan Wakil Rektor STIE Ahmad Dahlan, Jakarta pada MediaIndonesia.Com

Kongres ke-17 Ikatan Sarjana Ekonomi Indonesia (ISEI) yang digelar 31 Juli – 1 Agustus 2009 di Bukittinggi mengajukan usul kembali ke ekonomi Pancasila. “Sudah saatnya untuk kembali ke hajat hidup orang banyak, kembali ke sistem ekonomi Pancasila.”

Momentum rumusan hasil kongres bertepatan ulang tahun ke-107 Bung Hatta pada 12 Agustus 2009 dan bertepatan hari kemerdekaan ke-64. Rumusan dan momentum itu mengindikasikan bahwa masih ada spirit untuk melacak kembali akar historis ekonomi nasional yang didasarkan pada semangat gotong royong dan kekeluargaan. Bung Hatta menyebutkan sebagai sistem ekonomi kolektif, berakar pada adat istiadat yang hidup dan bersemayam dalam dinamika sosial budaya Indonesia yang asli. Read more…

By Peter G. Klein, University of Missouri at Columbia – Contracting and Organizations Research Institute (CORI)

This essay surveys the new institutional economics, a rapidly growing literature combining economics, law, organization theory, political science, sociology, and anthropology to understand social, political, and commercial institutions.

This literature tries to explain: what institutions are, how they arise, what purposes they serve, how they change, and how they may be reformed. Read more…

John G. Matsusaka

In democracy, public opinion is supposed to influence policymaking, yet evidence on the amount of congruence between policy and opinion, or the factors that affect congruence, is scarce.

This paper constructs a simple measure of policy congruence on 10 separate issues in all 50 states. For these policies, states chose the outcome favored by the majority 59 percent of the time, only 9 percent more often than would happen with random policymaking. Read more…