Methodological Position(s) Of Institutional Economics Cover Image

Metodološke pozicije institucionalizma
Methodological Position(s) Of Institutional Economics

Author(s): Dragan Petrović, Zoran Stefanović
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: Methodological individualism; institutions; habits; evolution

Summary/Abstract: 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.

  • Issue Year: 2009
  • Issue No: 2
  • Page Range: 105-114
  • Page Count: 10
  • Language: English