Institutions are strikingly absent from most economic theory, certainly from growth theory.In standard theory it is …

transition countries. It employs a new set of the institutional variables published by the World Bank against the commonly used …

The purpose of this paper is to develop a testable theory, the interaction thesis, capable of explaining why do we … attempt to enlarge the scope of ability of neoclassical economics to explain a larger class of real world events. Others … public choice theory. In the first section of the paper I briefly define the four concepts upon which the interaction thesis …

The paper deals with transformation of institutions and the new paradigm in economics, evolutionary economic theory … using theory of institutional competition and the conception of the entrepreneur in the Schumpeter sense a new conception of …