Drawing on phenomenological and realist approaches, this book surveys the theoretical evolution of New Institutional Economics. This book will be of interest to readers of New Institutional Economics, economic theory and philosophy of economics and social sciences.
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"There are relatively few discussions of the philosophical foundations of the new institutional economics (NIE). This book helps to fill a big gap. It ties the NIE theoretical underpinnings to Karl Popper's notion of situational logic. With this innovative approach, Ronald Coase and Frank Knight come out as key figures in the foundation and development of the NIE, more so than Douglass North and Oliver Williamson. Henceforth, work in the NIE tradition will have to come to terms with Piet de Vries's pioneering interpretation."
Geoffrey M. Hodgson
Emeritus Professor, Loughborough University London.
Geoffrey M. Hodgson
Emeritus Professor, Loughborough University London.