Efficiency and exchange. neoclassical, institutionalist and neoinstitutionalist schools
This article presents a brief review of the role played by institutions in economic exchange and decision-making within the neoclassical, institutionalist, and neoinstitutionalist schools of economic thought. For the neoclassical school, institutions are exogenous, don't affect exchange or econ...
- Autores:
-
Morales F, Fabio
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 1997
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/48207
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/48207
http://bdigital.unal.edu.co/41567/
- Palabra clave:
- economía
producción
Intercambio
toma de decisiones
corrientes del pensamiento
economía neoclásica
mercado
variación de precios
economics
production
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | This article presents a brief review of the role played by institutions in economic exchange and decision-making within the neoclassical, institutionalist, and neoinstitutionalist schools of economic thought. For the neoclassical school, institutions are exogenous, don't affect exchange or economic decisions and, paradoxically, exclude from their analysis the main economic institution: the market. The author contrasts this point of view with the institutionalist and neoinstitutionalist visions in which institutions are essential in shaping the system of exchange and ensuring the functioning of markets, and presents a synthesis of the analytical concerns and contributions of these two approaches to economic thought. |
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