Journal of Economic Methodology 7 (3):341-371 (2000)
|Abstract||The New Institutional Economics (NIE) occupies an important space in the rapidly expanding theory of organization. Traditional testing techniques have only been applied to less complex parts of the NIE. A rich body of evidence generated by the experiences of firms and other organizations lies fallow. The limited domain of traditional testing will persist because of the nature of the central concepts of the NIE, the difficulty posed for integrating transaction cost into an optimizing framework by self-reference, and the particularly wicked manifestations of the Duhem-Quine problem. Experimental economics may add credibility to some components of the NIE but is unlikely to fill the current void. The catchy title, the telling anecdote, and the creative 'fact' have played a disproportionate role in determining the composition of the canonical literature in the NIE. Catalytic steps for developing professional norms governing the marshalling of data generated by different organizations and institutions are discussed in the concluding section.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Robert A. Gehring (2006). The Institutionalization of Open Source. Poiesis and Praxis 4 (1):54-73.
Anne van Aaken (2002). Deliberative Institutional Economics, or Does Homo Oeconomicus Argue?: A Proposal for Combining New Institutional Economics with Discourse Theory. Philosophy and Social Criticism 28 (4):361-394.
Oliver E. Williamson (2009). Pragmatic Methodology: A Sketch, with Applications to Transaction Cost Economics. Journal of Economic Methodology 16 (2):145-157.
Peter J. Boettke (1990). Individuals and Institutions. Critical Review 4 (1-2):10-26.
Dick W. P. Ruiter (2004). Types of Institutions as Patterns of Regulated Behaviour. Res Publica 10 (3):207-231.
Uskali Mäki (1987). Economics as a Process: Essays in the New Institutional Economics, Richard N. Langlois, Editor. Cambridge: Cambridge University Press, 1986, Ix + 262 Pages. [REVIEW] Economics and Philosophy 3 (02):367-.
Pursey P. M. A. R. Heugens, Niki Den Nieuwenboer & M. Kaptein, White Collars, Dirty Hands: A Grounded Neo - Institutional Theory of Misconduct in Professional Service Firms.
Ekkehart Schlicht (1998). On Custom in the Economy. Clarendon Press.
Josef Wieland (2001). The Ethics of Governance. Business Ethics Quarterly 11 (1):73-87.
Porfirio Silva & Pedro U. Lima (2007). Institutional Robotics. In F. Almeida e Costa et al (ed.), Advances in Artificial Life. ECAL 2007. Springer-Verlag.
J. P. Smit, Filip Buekens & Stan du Plessis (2011). What is Money? An Alternative to Searle's Institutional Facts. Economics and Philosophy 27 (1):1-22.
Added to index2012-02-20
Total downloads2 ( #245,513 of 722,700 )
Recent downloads (6 months)1 ( #60,006 of 722,700 )
How can I increase my downloads?