Marxism and Institutional Economics
Jianjun Ma
Abstract
Jianjun Ma
Abstract
The new institutional economics return to the classic institutional economics.But the Marx's political economics is generalization of the classic institutional economics.From classic institutional economics to the new institutional economics,We found that the development of economics has inside logic.But the Marx's institutional economics is different with the new institutional economics:the former want to evolve the essence of the economic system and the latter serve the market economics.
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The new institutional economics return to the classic institutional economics.But the Marx's political economics is generalization of the classic institutional economics.From classic institutional economics to the new institutional economics,We found that the development of economics has inside logic.But the Marx's institutional economics is different with the new institutional economics:the former want to evolve the essence of the economic system and the latter serve the market economics.
Key concepts: New institutional economics, Heterodox economics, Mainstream economics, Institutional economics, Human development theory, Schools of economic thought, Applied economics, Neoclassical economics