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The Knowledge and Policy Limits of New Institutional Economics on Development

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  • Brian Z. Tamanaha

Abstract

I critically examine the effort of new institutional economics (NIE) scholars to define, map, and measure the realm of formal and informal institutions, and to offer specific policy prescriptions. I also articulate why these efforts face insurmountable barriers, and demonstrate the limits of the NIE policy agenda by showing that scholars are repeating lessons learned in law and development over four decades ago.

Suggested Citation

  • Brian Z. Tamanaha, 2015. "The Knowledge and Policy Limits of New Institutional Economics on Development," Journal of Economic Issues, Taylor & Francis Journals, vol. 49(1), pages 89-109, January.
    • Handle: RePEc:mes:jeciss:v:49:y:2015:i:1:p:89-109
    DOI: 10.1080/00213624.2015.1013881
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    Cited by:

    1. Essiane, Patrick-Nelson Daniel, 2020. "De l'Ancienne Economie Institutionnelle à la Nouvelle Economie Institutionnelle: une introduction à quelques débats [Old Institutional Economics and New Institutional Economics: an Introduction to ," MPRA Paper 102858, University Library of Munich, Germany.
    2. Prévost, Benoît & Rivaud, Audrey, 2018. "The World Bank’s environmental strategies: Assessing the influence of a biased use of New Institutional Economics on legal issues," Ecosystem Services, Elsevier, vol. 29(PB), pages 370-380.

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