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Similarities and Dissimilarities between Original Institutional Economics and New Institutional Economics

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  • Antoon Spithoven

Abstract

Original Institutional Economics and New Institutional Economics display several similarities. However, differences in methodology and normative stance are too big to reconcile both approaches. Both approaches may keep each other sharp.

Suggested Citation

  • Antoon Spithoven, 2019. "Similarities and Dissimilarities between Original Institutional Economics and New Institutional Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(2), pages 440-447, April.
    • Handle: RePEc:mes:jeciss:v:53:y:2019:i:2:p:440-447
    DOI: 10.1080/00213624.2019.1594532
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    1. Manuel Ramon Souza Luz & Ramon Garcia Fernandez, 2018. "Are We Forgetting Something? Remarks on the Connections Between Douglass North’s Contributions and Original Institutional Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 52(2), pages 589-599, April.
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    14. Spithoven, Antoon, 2012. "Public governance of healthcare in the United States: a transaction costs economics (TCE) analysis of the 2010 reform," Journal of Institutional Economics, Cambridge University Press, vol. 8(4), pages 429-457, December.
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    1. Csaba, László, 2021. "Az intézményi gazdaságtan megújulása [Institutional economics: the state of art and renewal]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 14-31.
    2. 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 some debates]," MPRA Paper 102858, University Library of Munich, Germany.
    3. López Gunn, Elena & Rica, Marta & Zorrilla-Miras, Pedro & Vay, Laura & Mayor, Beatriz & Pagano, Alessandro & Altamirano, Monica & Giordano, Rafaelle, 2021. "The natural assurance value of nature-based solutions: A layered institutional analysis of socio ecological systems for long term climate resilient transformation," Ecological Economics, Elsevier, vol. 186(C).
    4. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    5. Drakopoulos, Stavros A. & Katselidis, Ioannis, 2021. "The Old Institutional School and Labour Market Functions and Policies," MPRA Paper 110794, University Library of Munich, Germany.
    6. Samuel Kwaku Agyei & Nathaniel Kwapong Obuobi & Mohammed Zangina Isshaq & Mac Junior Abeka & John Gartchie Gatsi & Ebenezer Boateng & Emmanuel Kwakye Amoah, 2022. "Country-Level corporate governance and Foreign Portfolio Investments in Sub-Saharan Africa: The moderating role of institutional quality," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2106636-210, December.
    7. Dan Friesner, 2024. "Is the Prisoner’s Dilemma an Adequate Concept for Ethical Analysis in Healthcare? An Original Institutional Economic Rejoinder," Journal of Business Ethics, Springer, vol. 193(2), pages 383-391, August.
    8. Rosta, Miklós, 2021. "Előszó," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-6.
    9. Charles J. Whalen, 2020. "Post-Keynesian institutionalism: past, present, and future," Evolutionary and Institutional Economics Review, Springer, vol. 17(1), pages 71-92, January.

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