Institutional (traditional) economics: what contribution for contemporary economic analysis?
Abstract
nstitutional economics has contributed significantly to economic analysis through its methodology which allows a more realistic understanding of socio-economic phenomena. Traditional institutional economic analysis is completely different from neoclassical analysis, since it is based on a holistic and evolutionary epistemological approach. The objective of this article is to highlight the methodological contribution of traditional institutional economics in contemporary economic analysis, and the need to return to heterodox analyzes for better conclusions and better ethical property in economics, an integral part of the social sciences.
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