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New Institutionalism and China’s Political Economics
YANG Long
Teaching and Research
2005, (7):
39-45.
This paper offers a review of major schools of new institutional economics and main ideas of new institutional politics in the west. In the review, the author discusses characteristics of these theories, analyzes methodology of new institutionalism, addressing both political studies and economics. Guidelines for methodology such as institution-determinedness, wholism and integration of multi-disciplinary methods are elaborated on. The author recalls the introduction, spread and development of new institutionalism in China, and points out its influence on China’s political studies and economics. For example, research methods and research subjects are renewed and extended, a wave of institutional innovation is in progress, and the concept-dependent approach becomes popular. At the end of the paper, the author concludes that there are limitations in application of new institutionalism to China’s political economic analysis.
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