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The New Institutional Perspective: Concepts, Methods, Results

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Author Info
Claude MÉNARD
Abstract

New Institutional Economics has developed considerably over the last twenty years, qualifying as a "progressive research program". This program is based on a hard core of concepts that apply to well identify objects: the alternative modes for organizing transactions, the institutional environment in which they ~rc embedded, and the interaction between these dimensions. Transaction costs playa major role in this approach. This paper examines why it is so, it deals with several controversial issues, and it provides examples of recent breakthroughs in economic's, but also in history and in political sciences.

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Article provided by Centre national de la recherche scientifique (CNRS), Paris in its journal Cahiers d'économie Politique.

Volume (Year): (2003)
Issue (Month): 44 ()
Pages: 103-118
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Handle: RePEc:cpo:journl:y:2003:i:44:p:103-118

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Find related papers by JEL classification:
B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
D20 - Microeconomics - - Production and Organizations - - - General
D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
K20 - Law and Economics - - Regulation and Business Law - - - General
P50 - Economic Systems - - Comparative Economic Systems - - - General

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This page was last updated on 2009-12-28.

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