Talk:New institutional economics

information asymmetries[edit]

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

overstates NIE's reliance on "old" institutional economics[edit]

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)

Copy/Paste Tag[edit]

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

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)[reply]

Daron Acemoğlu and New institutional economics[edit]

The article Daron Acemoğlu is part of the series New institutional economics and this description is also used as headline for the box with the data about Acemoğlu (born, nationality etc.). But in the text of the article this economic school is not mentioned once, not even Institutional economics (which some people interpret as a more generic term).

Any idea how this could be added/changed?

46.115.84.80 (talk) 13:51, 27 March 2014 (UTC)[reply]

I've added a reference to him being a keynote speaker at a SIOE conference, not ideal, but better than nothing.Jonpatterns (talk) 15:14, 3 February 2016 (UTC)[reply]

'New Institutional Economics' vs 'Institutional and Organisational Economics'[edit]

Two organisations are no longer named after New Institutional Economics, perhaps this school is no longer popular or has evolved. Alternatively, a new term has become popular. A common term seems to be Institutional and Organisational Economics:

International Society for New Institutional Economics -> Society for Institutional & Organizational Economics link

European School of New Institutional Economics -> Institutional and Organizational Economics Academy link

Does anybody have any further information? Jonpatterns (talk) 15:14, 3 February 2016 (UTC)[reply]

External links modified[edit]

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NIE Major Scholars - Melissa Dell[edit]

The article currently lists a number of high profile scholars researching within or around the areas related to NIE. Melissa Dell has done some fantastic research making use of the historical context in which an event took place, and using novel datasets that empirically validate her findings. She has authored/co-authored various papers that tackle issues by examining how the actions of institutions (govt) precipitated or directly led to outcomes (relevant articles included below). Given her achievements, I think the criteria of "Major scholar" is met, but I'm curious if anyone would be against including her in this list?

Relevant sources:

Dell (2010). "The Persistent Effects of Peru's Mining Mita". Econometrica. 78 (6): 1863–1903. doi:10.3982/ecta8121.
Dell, Melissa, and Pablo Querubin. "Nation building through foreign intervention: Evidence from discontinuities in military strategies." The Quarterly Journal of Economics 133, no. 2 (2018): 701-764.

Sure, go ahead. Snooganssnoogans (talk) 14:55, 12 May 2022 (UTC)[reply]

@Snooganssnoogans: Decided against this action for the time being. Melissa Dell has not declared herself as a member of this school and I haven't found any peer-reviewed sources stating her work as directly falling within the bounds of NIE. I don't want to falsely attribute her as a scholar in this area if she herself has made no declaration. So at least for now, I'll leave it out. Although, I do believe much of her work could be considered to fall under the aims and goals of NIE. Sadke4 (talk) 14:11, 21 May 2022 (UTC)[reply]