A New thought on the new institutional economics
Ouyang Chun-yun
Abstract
Ouyang Chun-yun
Abstract
The interactions among production costs ,transaction costs and institutions form the process of human economic and social development They have played different role respectively at the different stages of social development In the modern society, the importance of transaction costs and institutions are emphasized with its special reasons and practical meaning
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The interactions among production costs ,transaction costs and institutions form the process of human economic and social development They have played different role respectively at the different stages of social development In the modern society, the importance of transaction costs and institutions are emphasized with its special reasons and practical meaning
Key concepts: Transaction cost, Meaning (existential), New institutional economics, Production (economics), Institutional economics, Process (computing), Database transaction, Economics