New Institutionalism - Interdisciplinary Relevance

Interdisciplinary Relevance

This way of understanding individual choice is also relevant to economics. New institutionalists in economics recognize that institutions have at least as much influence on the economy as individual's choices (see institutional economics).

Read more about this topic:  New Institutionalism

Famous quotes containing the word relevance:

    Wherever the relevance of speech is at stake, matters become political by definition, for speech is what makes man a political being.
    Hannah Arendt (1906–1975)