Chapter 12 of Keynes´ General Theory has concepts and analytical links with strong identification with the ones used by the so-called institutional approaches. This essay emphasises what seems to have been anticipated by Keynes on the research core of institutional economics, mainly based on...

For many decades over the 20th Century, the mainstream of economics adopted a normative and axiomatic theory of individual behavior in which maximizing procedures were carried out by rationally unbounded agents. This status has been challenged on many grounds and alternative views from fields...

The transplantation of public policies is a powerful tool in the hands of economic development. Powerful as it may be, transplantation verbatim et litteratim is not inevitably successful, thus not always desirable. There are good economic reasons to consider the practice of grafting in public...

Metaphors are part of our daily lives as they help us understand the world. Economics, as with other areas of knowledge, cannot go without metaphors. Transaction Cost Economics (TCE)—a prominent theoretical framework on economic organisation—is no different: it has been built on a set of...

O texto apresenta uma análise do discurso de Oliver Williamson, concentrando-se na negociação de certos conceitos e premissas e em como Williamson ajustou o progresso de sua abordagem aos moldes institucionais de diferentes audiências. Dados de citações aos trabalhos de Williamson ajudam a...

O artigo apresenta os fundamentos teóricos da Economia dos Custos de Transação e faz um sumário das críticas feitas à mesma, apontando para uma agenda de pesquisa pluralista.

Inertia in academia sometimes obstructs the development of important insights. That is one reason for the specially long gap separating Coase's seminal paper [1937] that laid the foundations of current Transaction Cost Economics (TCE) and the efforts of scholars to develop his ideas. But as TCE...

Inertia in academia sometimes obstructs the development of important insights. That is one reason for the specially long gap separating Coase's seminal paper [1937] that laid the foundations of current Transaction Cost Economics (TCE) and the efforts of scholars to develop his ideas. But as TCE...