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The Meaning and Concept of Institutions in Institutionalism A Look at Differences between Old and New Institutionalism and the Role of Institutions in Economic Activities

Mahmoud Mashhadi Ahmad

Volume 13, Issue 48 , April 2013, , Pages 49-77

Abstract
  “Institutions matter”. This is what we now see repeatedly in economic texts. But, some economists mentioned this truth more than a century ago. By asserting that mainstream economics has ignored institutions, these economists established a new paradigm, named institutional economics, which ...  Read More