New institutional economics | Wikipedia audio article
Channel: wikipedia tts
Date: 2018-11-27

This is an audio version of the Wikipedia Article:
New institutional economics

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SUMMARY
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New institutional economics (NIE) is an economic perspective that attempts to extend economics by focusing on the social and legal norms and rules (which are institutions) that underlie economic activity and with analysis beyond earlier institutional economics and neoclassical economics. It can be seen as a broadening step to include aspects excluded in neoclassical economics. It rediscovers aspects of classical political economy.