On organizational change theories of neo-classical economics and new institutional economics
Du Ying
Abstract
Du Ying
Abstract
Organizational change is an inevitable trend of adapting to environmental change and maintaining efficiency and competitiveness.Neo-classical economics mainly concerned resource allocation,which considers organization and institution as exogenous things.New institutional economics brings some institutional factors into the analysis framework,such as the organization and transaction cost,and builds the internal logic of transaction cost,division of labor,and organization and its change under the institutional framework.But there are also many differences within the new institutional economics.Comparative study is produced on the main developing paths of organizational change theories of neo-classical economics,new institutional economics and within new institutional economics,so as to grasp the logic of organizational change more comprehensively.
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Organizational change is an inevitable trend of adapting to environmental change and maintaining efficiency and competitiveness.Neo-classical economics mainly concerned resource allocation,which considers organization and institution as exogenous things.New institutional economics brings some institutional factors into the analysis framework,such as the organization and transaction cost,and builds the internal logic of transaction cost,division of labor,and organization and its change under the institutional framework.But there are also many differences within the new institutional economics.Comparative study is produced on the main developing paths of organizational change theories of neo-classical economics,new institutional economics and within new institutional economics,so as to grasp the logic of organizational change more comprehensively.
Key concepts: Transaction cost, New institutional economics, Organizational economics, Institutional economics, Institution, Institutional change, Economics, Institutional theory