Economics of institutions has been developed in social sciences in recent years. The program of the new institutional economics has allowed the making of a research agenda for the case of the Spanish economic policy that incorporates issues such as the institucional change, the institutions of...

World economy is living a time of change, and the complexity of change has implied a new research agenda on the role of economic policy in society. The role, types and effects of economic policy have been major issues in economic science since its origins. Jean Tinbergen (1956) [1] established...