IDEAS home Printed from https://ideas.repec.org/a/sos/sosjrn/160210.html
   My bibliography  Save this article

In the New Institutional Economics Approach R. Coase and Law, D. North and Social Psychology Context: Pluralist Approach Opportunities in Economics

Author

Listed:
  • Selma Sevinç ORHAN

Abstract

In this study the relation between the OIE and the NIE (New Institutional Economics) approach is analyzed. In this way, the emphasis is on the main contrasting points of both approaches to mainstream economics. The institutions are as stated by both the precursors of the OIE and NIE approaches, Veblen, Commons, Coase and North analyzed as thinking habits, as behavior constraints in the social rules, as the legal context of the liberal theory. OIE and the NIE approaches demonstrate continuity through ontological point of view towards the concept of institution. Despite theoretical and methodological differences between them, due to the continuity relationship, the NIE plays a carrier role in transferring heterodox terms to mainstream economics. The continuity relation provided by institutions strengthens the pluralist methodology in the economy.

Suggested Citation

  • Selma Sevinç ORHAN, 2016. "In the New Institutional Economics Approach R. Coase and Law, D. North and Social Psychology Context: Pluralist Approach Opportunities in Economics," Sosyoekonomi Journal, Sosyoekonomi Society, issue 24(28).
    • Handle: RePEc:sos:sosjrn:160210
    as

    Download full text from publisher

    File URL: http://dergipark.gov.tr/download/article-file/197863
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ronald H. Coase, 2008. "The Institutional Structure of Production," Springer Books, in: Claude Ménard & Mary M. Shirley (ed.), Handbook of New Institutional Economics, chapter 2, pages 31-39, Springer.
    2. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    3. North, Douglass C, 1978. "Structure and Performance: The Task of Economic History," Journal of Economic Literature, American Economic Association, vol. 16(3), pages 963-978, September.
    4. Malcolm Rutherford, 1995. "The Old and the New Institutionalism: Can Bridges Be Built?," Journal of Economic Issues, Taylor & Francis Journals, vol. 29(2), pages 443-451, June.
    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. Bartosz Stelter, 2019. "The management approach of the new institutional economics," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(1), pages 73-81, March.

    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. Ambrosino, Angela & Fiori, Stefano, 2017. "How Can Formal Norms Change Informal Norms? Douglass North’s Approach to Ideologies and Institutional Change," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201707, University of Turin.
    2. Ashok Chakravarti, 2012. "Institutions, Economic Performance and the Visible Hand," Books, Edward Elgar Publishing, number 14751.
    3. Łukasz Hardt, 2005. "Instytucje a koszty transakcyjne w nowej ekonomii instytucjonalnej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1-2, pages 1-19.
    4. Nicholas Kyriazis & Michel Zouboulakis, 2004. "Democracy, Sea Power and Institutional Change: An Economic Analysis of the Athenian Naval Law," European Journal of Law and Economics, Springer, vol. 17(1), pages 117-132, January.
    5. Prévost, Benoît & Rivaud, Audrey, 2018. "The World Bank’s environmental strategies: Assessing the influence of a biased use of New Institutional Economics on legal issues," Ecosystem Services, Elsevier, vol. 29(PB), pages 370-380.
    6. Susana Valdivieso C., 2001. "North y el cambio histórico: luces y sombras de la nueva historia institucional," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 3(4), pages 157-172, January-J.
    7. Helge Peukert, 2001. "Bridging Old and New Institutional Economics: Gustav Schmoller and Douglass C. North, Seen with Oldinstitutionalists' Eyes," European Journal of Law and Economics, Springer, vol. 11(2), pages 91-130, March.
    8. Zweynert, Joachim, 2007. "Interests versus culture in the theory of institutional change?," HWWI Research Papers 5-3, Hamburg Institute of International Economics (HWWI).
    9. Fernando Toboso, 2006. "Old organizational issues from a new institutional economics perspective. Some introductory remarks," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 21(2), pages 3-11, December.
    10. Rita YI MAN LI, 2008. "Nature Of The Firm: A Study On Developers In China And Hong Kong," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(4(6)_Wint).
    11. Colin C. Williams, 2023. "A Modern Guide to the Informal Economy," Books, Edward Elgar Publishing, number 18668.
    12. Brigitte Granville & Jaume Martorell Cruz & Martha Prevezer, 2015. "Elites, Thickets and Institutions: French Resistance versus German Adaptation to Economic Change, 1945-2015," Working Papers 63, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    13. Schmid, Andreas, 2007. "Incentive Compatibility and Efficiency in the contractual Insurer-Provider Relationship: Economic Theory and practical Implications: The Case of North Carolina," MPRA Paper 23311, University Library of Munich, Germany, revised 2008.
    14. Dayuan Li & Jialin Jiang & Lu Zhang & Chen Huang & Ding Wang, 2023. "Do CEOs with Sent-Down Movement Experience Foster Corporate Environmental Responsibility?," Journal of Business Ethics, Springer, vol. 185(1), pages 147-168, June.
    15. 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.
    16. Carlos Esteban Posada, 1998. "Los mercados de instituciones y las instituciones endogenas," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 48, pages 149-168, Enero Jun.
    17. Ulrike Mayrhoffer & Fabrice Roth, 1999. "Gestion de l'incertitude et influence de la diversification et de la nationalité sur les formes de rapprochement : une comparaison Allemagne, France et Royaume-Uni," Revue Finance Contrôle Stratégie, revues.org, vol. 2(4), pages 135-156, December.
    18. Michael Stuetzer & David B. Audretsch & Martin Obschonka & Samuel D. Gosling & Peter J. Rentfrow & Jeff Potter, 2018. "Entrepreneurship culture, knowledge spillovers and the growth of regions," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 608-618, May.
    19. Jan Schnellenbach, 2023. "The concept of Ordnungspolitik: rule-based economic policymaking from the perspective of the Freiburg School," Public Choice, Springer, vol. 195(3), pages 283-300, June.
    20. Fiori Stefano, 2005. "The emergence of instructions : some open problems in Hayek's theory," CESMEP Working Papers 200504, University of Turin.

    More about this item

    Keywords

    New Institutional Economics; Original Institutional Economics; Coase Theory; History of New Institutional Economics; Pluralist Methodology in Economics.;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

    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:sos:sosjrn:160210. 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: Aysen Sivrikaya (email available below). General contact details of provider: http://www.sosyoekonomijournal.org/home.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.