This is a compilation of the proceedings and papers presented at an international conference on the organization of economic institutions in a dynamic society which includes detailed comment and discussion sections following each lecture.

The International Economic Association - Acknowledgements - List of Contributors and Participants - Abbreviations and Acronyms - Introduction; Takashi Shiraishi and Shigeto Tsuru - Keynote Address - Economics of Institutions or Institutional Economics; Shigeto Tsuru - Part I Market and Institutions: Roles of Multinationals and Transnationals - Market and Institutions; Siro Lombardini - Comment; Andrew Schotter - Discussion - Japanese Transnational Corporations: The Changing Pacific Rim Economy with special reference to A View from Australia; Edward L.Wheelwright and Greg J.Crough - Comment; Moriaki Tsuchiya - Discussion - Part II Economic Theories and Institutions: Economic System, Planning and Transition - Mechanisms and Institutions; Leonid Hurwicz - Comment; Mikiro Otsuki - Discussion - Institutional Change for the Future: Socialist Experience and New Horizons; Josef Pajestka - Comment; Masayuki Iwata - Discussion - Part III Technological Change and Institutions: Development of Information Technologies - The Japanese Firm as an Innovative Institution; Nathan Rosenberg and Masahiko Aoki - Comment; Giovanni Dosi - Discussion - The Effect of Innovations in Information Technology on Corporate and Industrial Organisation in Japan; Masu Uekusa - Comment; Tadao Kagono - Discussion - Part IV Incentives for Changing Society and Institutional Development: Significance of Privatisation - The State and the Market: The UK Experience of Privatisation; John A.Kay - Comments; Yataro Fujii and Jun Ikegami - Discussion - Part V Review and Conclusions; Phyllis Deane, Hirofumi Uzawa, Ken'ichi Imai, Edmond Malinvaud, Tigran Khachaturov, Michael Kaser - Index