Neo-Institutionalist Economics is a school of developmental thinking that purports to explain the history, existence, and functions of a wide range of institutions (whether government, the law, markets, the family, and so on) according to the assumptions of the neo-liberal economic theory. In that sense, neo-institutionalism represents a variant of the neo-liberal orthodoxy that is ascendant within governments, international development agencies, policy think tanks, and increasingly large section of the social science community.
Famous quotes containing the word economics:
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)