Avner Greif
Encyclopedia
Avner Greif is an economics professor at Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

, Stanford, California. He holds a chaired professorship as Bowman Family Professor in the Humanities and Sciences.

Grief received his Ph.D in Economics at Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....

, 1989 and started his career at Stanford University in 1989 until he received tenure in 1994. In 1998 he received a 'genius grant' from the MacArthur Foundation
MacArthur Foundation
The John D. and Catherine T. MacArthur Foundation is one of the largest private foundations in the United States. Based in Chicago but supporting non-profit organizations that work in 60 countries, MacArthur has awarded more than US$4 billion since its inception in 1978...

. His works deal with economic history and role of institutions in economic development, including analysis of trade in medieval Europe
Middle age
Middle age is the period of age beyond young adulthood but before the onset of old age. Various attempts have been made to define this age, which is around the third quarter of the average life span of human beings....

 and Levant
Levant
The Levant or ) is the geographic region and culture zone of the "eastern Mediterranean littoral between Anatolia and Egypt" . The Levant includes most of modern Lebanon, Syria, Jordan, Israel, the Palestinian territories, and sometimes parts of Turkey and Iraq, and corresponds roughly to the...

.

He specializes in the study of the social institutions that support economic development, and their history, incorporating game theory
Game theory
Game theory is a mathematical method for analyzing calculated circumstances, such as in games, where a person’s success is based upon the choices of others...

 into his approach to this large subject. Greif is on the board of trustees of the International Society of New Institutional Economics.

One of his latest works is Institutions and the Path to the Modern Economy: Lessons from Medieval Trade (ISBN 0-521-67134-5). The introduction to this book is available online here. This book is novel in the use of game theory
Game theory
Game theory is a mathematical method for analyzing calculated circumstances, such as in games, where a person’s success is based upon the choices of others...

 approach to the study of institutional economics
Institutional economics
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behaviour. 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...

.

External links

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