Category:New institutional economics
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New institutional economics (NIE) is an economic perspective that attempts to extend economics by focusing on the institutions (that is to say the social and legal norms and rules) that underlie economic activity and with analysis beyond earlier institutional economics and neoclassical economics.
economic perspective focusing on institutions underlying economic activity which help people deal with transaction costs due to individuals’ cognitive limitations, incomplete information and difficulties monitoring and enforcing agreements | |||
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Subcategories
This category has the following 3 subcategories, out of 3 total.
Media in category "New institutional economics"
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- Neue Institutionenoekonomik.png 498 × 194; 8 KB