Nowa ekonomia instytucjonalna: nowe spojrzenie na istotę gospodarowania i rozwój
The New institutional economics is critical of the orthodox economics as well as of the old institutionalism. At the same lime new institutionalists build bridges between so different traditions of economic thought as neoclassical economics and institutionalism. They include institutions, transaction costs and the dimension of time in an economic analysis. R. Coase, O. Williamson and D. North emphasize th at effectiveness of markets depends on social, politic and economic in stitutions which influence transaction costs. The consequence is a new approach to economic growth and development, and interesting conclusions for transition from a planned economy to a market economy.