An Acquaintance with Institutionalism
The particular position of institutional school among the existing active economic schools and its specific outlooks towards economic situations makes its recognition quite interesting for scholars. This school adopts an experimental methodology and holds inductive methods in research instead of abstract and analytical ones. It looks on economic events in an evolutionary and pragmatic way and tries to consider institutions as the groundwork for economic activities. Its distinctive view of the state, businesses, regulations, economic development, etc. has enabled it to hold considerably distinctive analysis of the situations as compared with other existing economic discourses. Furthermore, the interdisciplinary character of this school and its free employment of ther sciences’ achievements such as law, sociology, management and political sciences, are the beginning of the omission of borderlines among branches of humanities and reaching a kind of comprehensive perception of them. This article first makes a survey of different definitions of institution as understood by old and modern institutionalists. It then introduces the school in its different chronological contexts and proceeds with the institutional methodology and the methods of analyzing economics and law. Finally there is a discussion of the school’s view of some important economic issues like the state, businesses, development, regulations, ets.
پژوهشنامه حقوق اسلامی, No. 22, 2006
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