De l'Ancienne Economie Institutionnelle à la Nouvelle Economie Institutionnelle: une introduction à quelques débats

Old Institutional Economics and New Institutional Economics: an Introduction to some debates

Patrick-Nelson Danie Essiane

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this paper is to briefly review the main debates between the New Institutional Economics (NIE) and the Old Institutional Economics (OIE). While the NIE is considered in the literature as essentially orthodox, the OIE’s thesis are mainly heterodox. From a theoretical perspective, (i) the nature of institutions, (ii) the organization of firms and (iii) the link between institutional change and economic development are central in the debate. From an empirical perspective, the measures of institutional quality and the methods used to capture institutional changes and their impact on development are the key points of divergence between NEI and OIE. However, some authors are quite optimistic about a potential convergence of the two school of thoughts, which could potentially offers new perspectives on the understanding of institutional phenomenons in economics.

Keywords: New Institutional Economics; Old Institutional Economics; Literature Review; Institutions; Institutional Change; Development; Debate (search for similar items in EconPapers)
JEL-codes: B15 B25 B52 O43 (search for similar items in EconPapers)
Date: 2020-08
New Economics Papers: this item is included in nep-his, nep-hme and nep-hpe
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