The future of new institutional economics: from early intuitions to a new paradigm?

Abstract : The trajectory of institutional economics changed in the 1970s when new institutional economics (NIE) began to take shape around some relative vague intuitions which eventually developed into powerful conceptual and analytical tools. The emergence of NIE is a success story by many measures: four Nobel laureates in less than 20 years, increasing penetration of mainstream journals, and significant impacts on major policy debates. This rapid acceptance is remarkable when we consider that it was divided from birth into distinct schools of thought. What will be the future of NIE? Will it be quietly absorbed by mainstream theory, or will it radically transform neoclassical economics into a new paradigm that includes institutions? To address these questions, we follow the sometimes-bumpy road to NIE's current successes and ponder the challenges that lie ahead.
Keywords : paradigm
Type de document :
Article dans une revue
Journal of Institutional Economics, Cambridge University Press (CUP), 2014, 10 (4), pp.541-565. 〈10.1017/S174413741400006X〉
Liste complète des métadonnées

https://hal.archives-ouvertes.fr/hal-01053452
Contributeur : Umr 8174 Centre d'Économie de La Sorbonne <>
Soumis le : jeudi 31 juillet 2014 - 09:32:13
Dernière modification le : vendredi 22 février 2019 - 17:32:01

Identifiants

Collections

Citation

Claude Ménard, Mary M. Shirley. The future of new institutional economics: from early intuitions to a new paradigm?. Journal of Institutional Economics, Cambridge University Press (CUP), 2014, 10 (4), pp.541-565. 〈10.1017/S174413741400006X〉. 〈hal-01053452〉

Partager

Métriques

Consultations de la notice

431