"The importance to economics of the study of institutions is no longer a controversial proposition, thanks in part to the scholarly literature generated by the new institutional economics movement. Institutions are more than organizations – property is an institution, but not an organization – but organizations are an important form of institution and will be the focus of my paper, as it is, to a considerable extent, of the new institutional economics."
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Richard Posner "From the new institutional economics to organization economics: with applications to corporate governance, government agencies, and legal institutions" (2010).
https://en.wikiquote.org/wiki/New_institutional_economics
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New institutional economics
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