institutional economics

Show Summary Details

Quick Reference

The analysis of economics from a perspective which stresses the importance of institutions in determining how economies really work. For example, the rules of land ownership are important in economic development in less developed countries, and the lack of clearly defined and enforced property rights is proving a handicap in the transformation from planned to market economies. Institutional economics includes the analysis of economic influences on institutional rules themselves.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.