Jaime Lozano () (Secretaría de Hacienda Distrital)
Abstract
This article presents a comparative analysis of the approaches of institutional economics and Walrasian economics. After reviewing the differences between both perspectives, it argues that institutional economics is an alternative, however incomplete, to general equilibrium economics. It compares the way both tendencies conceive the individual, knowledge, efficiency and the economic order, to point out the differences. Some methodological discussion derived from these differences is indicated.
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Volume (Year): 1 (1999) Issue (Month): 1 (July-december) Pages: 99-128 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
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