Encyclopedia > I > Institutional economics
Institutional economics
Institutional economics focuses on understanding the role of human-made institutions in shaping economic behavior. Aspects of institutional economics are part of mainstream economics - in particular the so-called new institutional economics - and focuses on the role of institutions in reducing transaction costs.
Information are taken from Wikipedia, the open encyclopedia, to which contribute many volunteers from around the whole world. Texts are available under the following conditions GNU Free Documentation License.
Encyklopedie (cz) Encyklopédia (sk) Enzyklopädie (de)