IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpol/v2007y2007i4id613p539-557.html
   My bibliography  Save this article

Za obzor neoklasické ekonomie: cesta k principům nové institucionální ekonomie
[Beyond the horizon of neoclassical economics: navigation to principles of the new institutional economics]

Author

Listed:
  • František Svoboda

Abstract

This paper starts with discussion about enhanced and frequently used conceptions of free markets, market failures and market primacy. There are pointed some simplifications due to the man should be prospective while using them, especially in applied economics. We have no positive definition of a free market and it is not clear, how often and if any we can observe such market about us. Troubles with market failures are derived from different meanings in different schools of economic thought. The market primacy is an abstract concept more than historical fact. Because of such difficulties the paper is inscribed to institutional alternative which is able to evolve complex research of institutions and to involve useful aspects of neoclassical economics. Useful ground for this analysis is institutional individualism which defines program for research of institutional framework of economy.

Suggested Citation

  • František Svoboda, 2007. "Za obzor neoklasické ekonomie: cesta k principům nové institucionální ekonomie [Beyond the horizon of neoclassical economics: navigation to principles of the new institutional economics]," Politická ekonomie, Prague University of Economics and Business, vol. 2007(4), pages 539-557.
    • Handle: RePEc:prg:jnlpol:v:2007:y:2007:i:4:id:613:p:539-557
    DOI: 10.18267/j.polek.613
    as

    Download full text from publisher

    File URL: http://polek.vse.cz/doi/10.18267/j.polek.613.html
    Download Restriction: free of charge
    File URL: http://polek.vse.cz/doi/10.18267/j.polek.613.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.polek.613?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Hirschman, Albert O, 1982. "Rival Interpretations of Market Society: Civilizing, Destructive, or Feeble?," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1463-1484, December.
    2. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    3. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
    4. David Colander, 2018. "The Death Of Neoclassical Economics," Chapters, in: How Economics Should Be Done, chapter 5, pages 46-62, Edward Elgar Publishing.
    5. Toboso, Fernando, 2001. "Institutional Individualism and Institutional Change: The Search for a Middle Way Mode of Explanation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 25(6), pages 765-783, November.
    6. Ha-Joon Chang, 2002. "Breaking the mould: an institutionalist political economy alternative to the neo-liberal theory of the market and the state," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(5), pages 539-559, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jiřina Jílková & Lenka Slavíková, 2009. "Ekonomie životního prostředí na rozcestí [Economics of the Environmental Protection on the Crossroad]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(5), pages 660-676.
    2. Lenka Slavíková, 2013. "Na institucích záleží! Ale proč? [Institutions Matter! But Why?]," Politická ekonomie, Prague University of Economics and Business, vol. 2013(1), pages 121-127.
    3. Miroslav Jurásek & Václav Leinweber & Radim Valenčík, 2016. "Politicko-ekonomická reflexe současného stavu globální společnosti," Politická ekonomie, Prague University of Economics and Business, vol. 2016(2), pages 218-236.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Maskell & Mark Lorenzen, 2004. "The Cluster as Market Organisation," Urban Studies, Urban Studies Journal Limited, vol. 41(5-6), pages 991-1009, May.
    2. Gonzalo Caballero, 2004. "Instituciones e historia económica: enfoques y teorías institucionales," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(10), pages 135-157, January-J.
    3. Peter Maskell & Mark Lorenzen, 2003. "The Cluster as Market Organization," DRUID Working Papers 03-14, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    4. Georgina M. Gómez, 2018. "Why do people want currency? Institutions, habit, and bricolage in an Argentine marketplace," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 413-430, December.
    5. Adem LEVENT, 2016. "Power, Market and Techno-Structure in John Kenneth Galbraith’s Thought," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(2), pages 214-218, June.
    6. Cheang, Bryan & Lim, Hanniel, 2023. "Institutional diversity and state-led development: Singapore as a unique variety of capitalism," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 182-192.
    7. Çetin, Ahmet Burak, 2019. "The Effect of Economic and Political Institutions on Economic Growth: The Case of Developed Countries and Emerging Market Economies," Bulletin of Economic Theory and Analysis, BETA Journals, vol. 4(2), pages 1-31, December.
    8. Michel Rocca, 2017. "L'analyse économique du travail. Complémentarité ou parallélisme des propositions théoriques depuis les années 1880," Working Papers halshs-01566506, HAL.
    9. Lyon, Fergus, 2000. "Trust, Networks and Norms: The Creation of Social Capital in Agricultural Economies in Ghana," World Development, Elsevier, vol. 28(4), pages 663-681, April.
    10. Duarte N. Leite & Sandra T. Silva & Oscar Afonso, 2014. "Institutions, Economics And The Development Quest," Journal of Economic Surveys, Wiley Blackwell, vol. 28(3), pages 491-515, July.
    11. Ricardo Kerguelén Méndez, 2016. "[Ensayo] Liberalismo e instituciones: Douglass North y la economía neoclásica," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 10(1), pages 249-290, June.
    12. Ritchie, Holly A., 2016. "Unwrapping Institutional Change in Fragile Settings: Women Entrepreneurs Driving Institutional Pathways in Afghanistan," World Development, Elsevier, vol. 83(C), pages 39-53.
    13. Baarda, James R., 2003. "Current Law & Economics Debates: Tools for Assessing Fundamental Cooperative Changes?," 2003 Annual Meeting, October 29 31802, NCERA-194 Research on Cooperatives.
    14. James Swaney, 1990. "The environmental imperative of socio-economics," Forum for Social Economics, Springer;The Association for Social Economics, vol. 20(1), pages 45-58, September.
    15. Bjørnskov, Christian, 2015. "Does economic freedom really kill? On the association between ‘Neoliberal’ policies and homicide rates," European Journal of Political Economy, Elsevier, vol. 37(C), pages 207-219.
    16. Michel S. Zouboulakis & John Kamarianos, 2002. "Racionalidad y cooperación entre firmas. Examen del comportamiento habitual de las industrias griegas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(7), pages 98-113, July-Dece.
    17. Joanna Dzionek-Kozlowska, 2013. "Ekonomia jako nauka pozytywna. Refleksje na marginesie 'Ekonomii dobra i zla' Tomasa Sedlacka/Economics as a Positive Science. Reflections after Reading Thomas Sedlacek’s 'Economics of Good and Evil’," Annales. Ethics in Economic Life, University of Lodz, Faculty of Economics and Sociology, vol. 16(1), pages 335-344, May.
    18. Luis Alfonso Dau & Aya S. Chacar & Marjorie A. Lyles & Jiatao Li, 2022. "Informal institutions and international business: Toward an integrative research agenda," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 985-1010, August.
    19. Karbowski, Adam, 2019. "Analiza otoczenia instytucjonalnego systemu tworzenia wiedzy w krajach Europy Środkowej [Analysis of the institutional environment of the knowledge subsystem in Central Europe]," MPRA Paper 95570, University Library of Munich, Germany, revised 2019.
    20. Timothy Johnson, 2015. "Reciprocity as a Foundation of Financial Economics," Journal of Business Ethics, Springer, vol. 131(1), pages 43-67, September.

    More about this item

    Keywords

    new institutional economics; free market; market failures; market primacy; neoclassical economics;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:2007:y:2007:i:4:id:613:p:539-557. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.