Ion, Pohoata; Andreea-oana, Iacobuta - In: Annals of Faculty of Economics 2 (2008) 1, pp. 364-368
In new institutionalists’ analysis, the transaction costs are essential in explaining the origin of private property; however, this aspect is not that obvious in old institutionalists’ works. But even if they did not emphasize on this issue, they created a theoretical-explanatory background...