Neo-institutional economics

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Neo-Institutionalist Economics is a school of developmental thinking that purports to explain the history, existence, and functions of a wide range of institutions (whether government, the law, markets, the family, and so on) according to the assumptions of the neo-liberal economic theory. In that sense, neo-institutionalism represents a variant of the neo-liberal orthodoxy that is ascendant within governments, international development agencies, policy think tanks, and increasingly large section of the social science community.[1]


  1. ^ Hadiz, Vedi R., 2003, Decentralisation and Democracy in Indonesia: A Critique of Neo-Institutionalist Perspectives, Southeast Asian Research Center SEARC Working Papers Series No 47, p 1.