El programa de la nueva economía institucional: lo macro, lo micro y lo político

Gonzalo Caballero
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Gonzalo Caballero: Universidad de Vigo

EKONOMIAZ. Revista vasca de Economía, 2002, vol. 50, issue 02, 230-261

Abstract: The New Institutional Economics is the most relevant theoretical and empirical body to have emerged in economics in recent years. The Nobel Prize award to Ronald H. Coase in 1991 and to Douglass C. North in 1993 meant a basic impulse for this literature which emphasises that institutions matter and their determinants are susceptible to analysis because economic and political reality is characterized by positive transaction costs. In this article we present an integrating and updated vision of New Institutional Economics, developing his methodological and conceptual basis and constituting a presentation scheme in three categories: a macroanalytic perspective, a microanalytic perspective and transaction cost politics.

JEL-codes: B25 L14 (search for similar items in EconPapers)
Date: 2002
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