Economic theory, institutions, and economic policy. From: Atlantic Economic Journal | Date: December 1, 1995| Author: Caravale, Giovanni | COPYRIGHT 1995 Atlantic Economic Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The connection among economic theory, institutions and economic policy is explored. The analysis stresses the importance of referring to the institutional framework if it is to be considered a means for understanding the workings of economic systems. It also suggests that reference to an alternative theoretical approach to analysis that is Classical and Keynesian in orientation, rather than to the neoclassical analytic approach, should be preferred to achieve the integration of the institutio...

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