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The ‘Old’ and the ‘New’ of New Institutional Economics

Hazel Gray

in Turbulence and Order in Economic Development: Economic Transformation in Tanzania and Vietnam

Published in print:
2018
Published Online:
April 2018
ISBN:
9780198714644
eISBN:
9780191782909
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198714644.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental, Economic Systems

This chapter evaluates new institutional economic theory and its approach to explaining economic transformation and political order. It explains the key assumptions of the ‘old’ New Institutional ... More


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