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Regarding the loss of the "old" Institutionalism: 
 
Isn't there a "new institutionalism," which uses neoclassical economics to 
describe and explain institutions? I am thinking of the work by Ronald 
Coase and associates, Douglass North, and Oliver Williamson, for example. I 
wonder what HESers think is the difference between "the new 
institutionalism" and the institutionalism Fadhel is discussing? 
 
Pat Gunning 
 
 
 
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