Montenegrin Journal of Economics


The Economy Of Conventions' Originality And Similarities With Neoinstitutionalism

Mimo Draskovic and Dragan Radovic

2012, vol. 8, no. 1, p. 207-222


This paper represents an effort to explain the originality of a consensus theory, its similarities and differences with neo-institutional theory. The author discusses the interrelations between the terms convention and institute, trying to determine the overlapping and disciplinary boundaries of the economy of conventions and neo-institutional economic theory. We start from the hypothesis that the above mentioned directions are sufficiently different in terms of form and meaning, but they also have some essential similarities and many mutual points, primarily in terms of a concept.


suggested citation:

Mimo Draskovic and Dragan Radovic. "The Economy Of Conventions' Originality And Similarities With Neoinstitutionalism." Montenegrin Journal of Economics. vol. 8, no. 1, 2012, p. 207-222

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