EconPapers    
Economics at your fingertips  
 

Arguments for the Study of Institutionalism and Institutional Reform in Romania

Ion Pohoata ()

Theoretical and Applied Economics, 2006, vol. 7(502), issue 7(502), 3-8

Abstract: The study and comprehension of institutions – viewed as written and unwritten constraints (rules) initiated by people to create and improve human interaction – represents the key to understand the success (and failure) of contemporary economies and societies. The framework inspired by institutions to which people dedicated maximum energy and talent also explains the different levels of efficiency in modern times. The founders of institutionalism – in its old and new versions – explain, for example, that human endeavour for social improvement led to the appearance of Law, private ownership, contract and market. For Romania, such explanations are inspirational and of utmost necessity in presenting the real context and in finding the necessary measures and directions towards desired progress.

Keywords: institutions; rules; transactional costs; efficiency; contract; law; market; private ownership. (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://store.ectap.ro/articole/118.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=118&rid=7 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:7(502):y:2006:i:7(502):p:3-8

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Marin Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania - AGER Contact information at EDIRC.
Bibliographic data for series maintained by Marin Dinu ().

 
Page updated 2020-11-14
Handle: RePEc:agr:journl:v:7(502):y:2006:i:7(502):p:3-8