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2006, vol. 52, iss. 5-6, pp. 47-57
Theoretical development of the concept of institutional evolution in economics
Univeristy of Niš, Faculty of Economy
Keywords: institution; evolution; old institutional economics; new institutional economics
Abstract
Institutional evolution is the key concept of institutional economics. In the paper analysis is given of the development of this concept within two institutionalist traditions: old and new institutionalism. It will be indicated in the paper that evolutionary analysis is an important factor of differentiation between institutional economics and other schools of economic thought.
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article language: Serbian
document type: Review Paper
published in SCIndeks: 02/06/2007

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