Economía Institucional Original y Nueva Economía Institucional: semejanzas y diferencias

Jairo J. Parada ()

Revista de Economía Institucional, 2003, vol. 5, issue 8, pages 92-116

Abstract: The purpose of this paper is to present the main differences between New Institutional Economics, NIE, and Original Institutional Economics, OIE, and to question some of the proposals that call for the gap between the two approaches to be bridge. This does not preclude the possibilities of a dialogue. Without ignoring some important theoretical developments in North’s work, the author claims that NIE is a school that operates in the periphery of the neoclassical economics paradigm, and shares its ontological and methodological foundations; however these are very different from the evolutionary (Darwinian) economics of Thorstein Veblen. Though the task of integrating the OIE and NIE seems impossible following the road of eclecticism, a dialogue between them could open new perspectives and enrich institutional economics.

Keywords: New Institutional Economics; Original Institutional Economics; neoclassical economics; evolutionary economics (search for similar items in EconPapers)
JEL-codes: E11 E13 E19 (search for similar items in EconPapers)
Date: 2003
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