The New Institutional Economics and its applicability to development

doi:10.1016/0305-750X(89)90076-4

World Development

Volume 17, Issue 9, September 1989, Pages 1333-1347

https://doi.org/10.1016/0305-750X(89)90076-4 Get rights and content

Abstract

The several remarkable developments in the social sciences which have come to be known as the New Institutional Economics (NIE) have not yet been fully exploited for analyzing the determinants and effects of institutional change in the context of development. This paper identifies two important components of the NIE and illustrates both (a) potential complementarities between them and (b) their applicability to various problems and policies in the long-term development of developing countries.

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^∗: The authors gratefully acknowledge the useful comments of Bruce Herrick, Timur Kuran, Ruud Picavet, Mark Rosenzweig and the participants at seminars at Cornell University and Tilburg University at which earlier versions of the paper were presented.

View full text

The New Institutional Economics and its applicability to development

Abstract

Journal of International Economics

World Development

Journal of Economic Behavior and Organization

Explorations in Economic History

Journal of Financial Economics

Journal of Environmental Economics and Management

World Development

World Development

Promising developments for conceptualizing and modeling institutional change

Giannini Foundation Working Paper No. 259

Society, Politics and Economic Development

The economics of caste and of the rat race and other woeful tales

Quarterly Journal of Economics

The market for lemons: Qualitative uncertainty and the market mechanism

Quarterly Journal of Economics

Some economics of property

Private property and the relative cost of tenure

Seeking rents by setting rents: The political economy of rent-seeking

Economic Journal

Alternative approaches to development economics: An evaluation

Land, Labor and Rural Poverty: Essays in Development Economics

The Political Economy of Development in India

Interlocking factor markets and agrarian development: A review of issues

Oxford Economic Papers

Markets, power and social norms in a development context

The Less Developed Economy: A Critique of Contemporary Theory

The growth and decay of custom: The role of the new institutional economics in economic history

Explorations in Economic History

Markets and States in Tropical Africa: The Political Basis of Agricultural Policies

Competition among pressure groups for political influence

Quarterly Journal of Economics

The F-Connection: Families, friends and firms and the organization of exchange

Population and Development Review

The Economic Structure of Backward Agriculture

A study in agricultural backwardness under semi-feudalism

Economic Journal

Directly unproductive profit-seeking (DUP) activities

Journal of Political Economy

Exchange and Power in Social Life

The Reasons for Rules

History — The Human Gamble

The problem of social cost

Journal of Law and Economics

Final voting in legislatures

American Economic Review

Property rights, transactions costs and X-Efficiency: An essay in economic theory

American Economic Review

The Agrarian Question and Reformism in Latin America

Toward a theory of property rights

American Economic Review

Making Sense of Marx

Institutional capacity and the resolution of a commons dilemma

Information and the Coase theorem

Journal of Economic Perspectives

Institutions et Développement

Threshold models of collective behavior

American Journal of Sociology

Adverse selection in the market for slaves: New Orleans, 1830–1860

Quarterly Journal of Economics

The tragedy of the commons

Science

Collective Action

Development Economics on Trial

Getting Ahead Collectively: Grassroots Experience in Latin America