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| | New Institutional Economics |
 | | The "New Institutionalist Schools" to refer to the collection of schools of thought that seek to explain political, historical, economic and social institutions such as government, law, markets, firms, social conventions, the family, etc. in terms of Neoclassical economic theory. |
 | | New Institutionalist schools can be thought of as the outcome of the Chicago School's "economic imperialism" -- i.e. |
 | | Although the term "New Institutionalism" is usually reserved for the work of Ronald Coase, Armen Alchian, Harold Desmsetz and Oliver Williamson,and others on the transactions costs and the property rights paradigm, it can nonetheless be meaningfully stretched to embrace "economic" theories of the non-market social relationships (e.g. |
| cepa.newschool.edu /het/schools/newinst.htm (362 words) |
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