论文信息 - THE NEW INSTITUTIONAL ECONOMICS

THE NEW INSTITUTIONAL ECONOMICS

© Association of Christian Economists he New Institutional Economics provides a framework for understanding the interaction of government structures, firm organization, and individual decisions, emphasizing transaction costs as a central component of economic activity. This article briefly reviews the Old Institutional Economics and its decline and then describes the New Institutional Economics which incorporate some of the earlier institutional concerns into a framework more closely connected to mainstream economics. It concludes with some implications for Christian economists.

Gerald W. Brock | Gerald W. Brock

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