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Methodological position(s) of institutional economics
Univeristy of Niš, Faculty of Economy,
Institutional economics has made significant contributions to economic methodology. The goal of institutional economics is to enable more realistic comprehension of economic phenomena. Methodology of institutional economics is significantly different from the composition method of the mainstream, which tries to base macroeconomic phenomena on microeconomic foundations. Methodological orientation of institutionalism is much more broadly founded and incorporates insights of holistic, system and evolutionary epistemological approach.
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article language: English
document type: unclassified
published in SCIndeks: 16/02/2010