This paper shows the relationships between the mechanisms of decision in politics (harmony versus conflict) and the mechanisms of allocation in economics (hierarchy versus market) by means of ideal types. Under this approach one concludes that the market mechanism in economics and the conflict...

Recently a new approach to political economy has been consolidated. The political analysis of transaction costs is an attempt to solve some of the problems which arise in economic theories of public policy. This paper deals with the notions of transaction costs, institutional efficiency,...

This article estimates the effect of the introduction of technologies and the effect of investing in innovation activities without the introduction of technologies on employment, using data from the Ecuadorian Innovation Survey and the Social Security Institute and applying the inverse...