Here is the link.
Bottomline:
"Will they all agree with everything Greif says? Perhaps not, but they will have to take him seriously, because his book represents the cutting edge when it comes to the study of institutions. Some readers may perhaps want more quantitative evidence, but they will have to admit that Greif's analytic histories are quite persuasive, and they will have to acknowledge too that appropriate econometric testing of the sort of game theoretical models Greif uses is still in its infancy. Other readers may worry that the historical evidence is perhaps consistent with different game theoretical equilibria and thus with different treatments of Greif's examples. They can certainly make their case, but in the end their accounts are likely to end up complementing Greif's analysis, rather than being a substitute for it."
No comments:
Post a Comment