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Institutional economics and planning theory: A partnership between ostriches?

Lookup NU author(s): Professor Frank Moulaert

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Abstract

Institutional economics is not a homogeneous field, but a pluralist family of approaches, all analysing institutional aspects of economic development and organization. A distinction is usually made between New Institutionalism (evolutionary economics, regulation theory and various offshoots of 'old' US institutionalism) and New Institutional Economics (NIE). This article examines the principal theoretical underpinnings of these currents and assesses their potential to enrich planning theory, in particular institutional planning and land-use planning theory. The author warns against injudicious marriages, especially if future spouses behave as ostriches, seeking to avoid ontological incompatibilities. Copyright © 2005 SAGE Publications.

Publication metadata

Author(s): Moulaert F

Publication type: Article

Publication status: Published

Journal: Planning Theory

Year: 2005

Volume: 4

Issue: 1

Pages: 21-32

Print publication date: 01/01/2005

ISSN (print): 1473-0952

ISSN (electronic): 1741-3052

Publisher: Sage Publications Ltd.

URL: http://dx.doi.org/10.1177/1473095205051440

DOI: 10.1177/1473095205051440

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