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Existe um Institucionalismo? Caminhos para uma teoria económica satisfatória
[There is one institutionalism? Pathways to a satisfactory economic theory]

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  • Pinto, Hugo

Abstract

The essay will try to debate about the institutional theory, confronting the emergence of institutionalism with the limits of neoclassical theory. The initial old institutionalism and the new institutionalism ideas will be discussed trying to underline what distinguishes the ideas of Coase and Williamson from other approaches that tried to export the economic theory and its methodological individualism, a movement that became known as the imperialism of economics, a transposition of methods and microeconomic analysis, to subjects not commonly analyzed by economics, as the ones served as the basis for the work of Becker. In the end it will try to touch on whether the old theory and new institutionalism are converging or diverging towards a new institutionalism.

Suggested Citation

  • Pinto, Hugo, 2008. "Existe um Institucionalismo? Caminhos para uma teoria económica satisfatória
    [There is one institutionalism? Pathways to a satisfactory economic theory]
    ," MPRA Paper 13512, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13512
    as

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    File URL: https://mpra.ub.uni-muenchen.de/13512/1/MPRA_paper_13512.pdf
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    References listed on IDEAS

    as
    1. Coase, R H, 1992. "The Institutional Structure of Production," American Economic Review, American Economic Association, vol. 82(4), pages 713-719, September.
    2. Simon, Herbert A, 1986. "Rationality in Psychology and Economics," The Journal of Business, University of Chicago Press, vol. 59(4), pages 209-224, October.
    3. G. Hodgson., 2007. "What Are Institutions?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Institutions; Old institutionalism; New institutionalism; Neoclassical Theory;

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact

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