New Institutional Economics

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Thumbnail for flags that look alike quiz Russia, Slovenia, Iceland, Norway

Flags That Look Alike

Woman tied to a ducking stool, a method of punishment by means of humiliation, beating, or death. (cucking stool)

8 Unusual Punishments Inflicted on Women Throughout History

Mayer Amschel Rothschild (1744-1855), founder of the house of Rothschild; lithograph by Friedrich Lieder, c. 1830.

Where Do Anti-Semitic Conspiracy Theories About the Rothschild Family Come From?

Rural Irish landscape, Sligo, Ireland.

Why Is Ireland Two Countries?

The Cheshire Cat is a fictional cat from Lewis Carroll's Alice's Adventures in Wonderland. (Alice in Wonderland)

11 Banned Books Through Time

Super Typhoon Noru over the western tropical Pacific Ocean as observed by the Moderate Resolution Imaging Spectroradiometer (MODIS) on NASA Aqua satellite July 31 2017

What Is the Difference Between a Typhoon and a Super Typhoon?

Santa Claus flying in his sleigh, christmas, reindeer

Was Santa Claus a Real Person?

New Institutional Economics

social science

Learn about this topic in these articles:

Coase

In Ronald Coase
The field known as new institutional economics, which attempts to explain political, legal, and social institutions in economic terms and to understand the role of institutions in fostering and impeding economic growth, originated in work by Coase and others.
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Williamson

In Oliver E. Williamson
…new branch of economic thought—called New Institutional Economics—through his research.
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