Talk:New institutional economics

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The article neglects that also information asymmetries are an important part of that concept. (--> Principal-Agent-Theory)

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The article overstates NIE's reliance on "old" institutional economics, and misses the point. NIE represents, in many ways, a serious consideration on the natural facts that neoclassical theory must abstract away from. Limited information, uncertain production and/or utility functions, bounded rationality, etc. It does not reject the progress made by neoclassical theory (and thus should not be considered a branch of heterodox theory), but seeks further insight by beginning to relax its most unrealistic assumptions. Institutions form as solutions to those natural problems (above), and have real consequences for economic outcomes. Taking them seriously is not equivalent to the general grumpy puffery that passes as "heterodox economics."

Also, the list of references should include:

Institutions and Economic Theory The Contribution of the New Institutional Economics

Eirik Furubotn and Rudolf Richter

Would reflect serious consideration of NIE. —The preceding unsigned comment was added by Aeco (talk • contribs) 00:05, June 13, 2006 (UTC)

[edit] Copy/Paste Tag

Much of this article is plagarised from this source [1] Saluton 15:37, 31 March 2007 (UTC)

I've removed blatant copyvios of this source and this one. Not happy about the rest but can't find clear enough breaches. andy 08:09, 17 August 2007 (UTC)