2008•Journal of Changshu Institute of TechnologyRequires access

On Features of Methodology of New Institutional Economics

Shuang Yao

Abstract

The school of New Institutional Economics developed since 1960s when the Liberalism was reviving.This school made an important contribution to methodology of Western economics through its analysis of transaction fees,property right and institutional components and changes and by emphasizing historical methodology and the application of case study.

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Key concepts: New institutional economics, Transaction cost, Institutional analysis, Institutional economics, Positive economics, Liberalism, Property (philosophy), Economics