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Economía institucional y ciencia económica

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  • Jaime Lozano

    (Secretaría de Hacienda Distrital)

Abstract

This article presents a comparative analysis of the approaches of institutional economics and Walrasian economics. After reviewing the differences between both perspectives, it argues that institutional economics is an alternative, however incomplete, to general equilibrium economics. It compares the way both tendencies conceive the individual, knowledge, efficiency and the economic order, to point out the differences. Some methodological discussion derived from these differences is indicated.

Suggested Citation

  • Jaime Lozano, 1999. "Economía institucional y ciencia económica," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 1(1), pages 99-128, July-dece.
    • Handle: RePEc:rei:ecoins:v:1:y:1999:i:1:p:99-128
    as

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/jlozano1.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Institutional economics; Walrasian economics; economic order;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other

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