This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Literature: Vol. 38 No. 3 (September 2000)
JEL Volume. 38, Issue 3 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
JEL Forthcoming Articles
JEL Indexes (Members Only)
Full-text Article
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)
Explore:
JEL Forthcoming Articles
JEL Indexes (Members Only)The New Institutional Economics: Taking Stock, Looking Ahead
Article Citation
Williamson, Oliver E. 2000. "The New Institutional Economics: Taking Stock, Looking Ahead."
Journal of Economic Literature,
38(3): 595-613.
DOI: 10.1257/jel.38.3.595
DOI: 10.1257/jel.38.3.595
Abstract
This paper examines the progressive development of the new institutional economics over the past quarter century. It begins by distinguishing four levels of social analysis, with special emphasis on the institutional environment and the institutions of governance. It then turns to some of the good ideas out of which the NIE works: the description of human actors, feasibility, firms as governance structures, and operationalization. Applications, including privatization, are briefly discussed. Its empirical successes, public policy applications, and other accomplishments notwithstanding, there is a vast amount of unfinished business.
Article Full-Text Access
Full-text Article
Authors
Williamson, Oliver E. (U CA, Berkeley)
JEL Classifications
B52: Current Heterodox Approaches: Institutional; Evolutionary
