institutional economics
E886927
Institutional economics is a school of economic thought that emphasizes the role of social, legal, and political institutions in shaping economic behavior and outcomes.
All labels observed (1)
| Label | Occurrences |
|---|---|
| institutional economics canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T10829296 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: institutional economics Context triple: [Thorstein Veblen, movement, institutional economics]
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A.
new institutional economics
New institutional economics is a school of economic thought that extends neoclassical economics by emphasizing the role of institutions, transaction costs, and property rights in shaping economic behavior and outcomes.
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B.
Institute of Economics
The Institute of Economics is a research institute within Nankai University specializing in economic theory, policy analysis, and applied economic research.
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C.
Institute of Economics
The Institute of Economics is a leading Vietnamese research institution specializing in economic theory, policy analysis, and socio-economic development studies under the Vietnam Academy of Social Sciences.
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D.
Institute of Economics
The Institute of Economics is an academic unit within the Royal Academy of Cambodia that focuses on economic research and higher education in economics and related fields.
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E.
Institute of Economics
The Institute of Economics is a higher education and research institution in Skopje specializing in economic studies and analysis as part of Ss. Cyril and Methodius University.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: institutional economics Target entity description: Institutional economics is a school of economic thought that emphasizes the role of social, legal, and political institutions in shaping economic behavior and outcomes.
-
A.
new institutional economics
New institutional economics is a school of economic thought that extends neoclassical economics by emphasizing the role of institutions, transaction costs, and property rights in shaping economic behavior and outcomes.
-
B.
Institute of Economics
The Institute of Economics is a research institute within Nankai University specializing in economic theory, policy analysis, and applied economic research.
-
C.
Institute of Economics
The Institute of Economics is a leading Vietnamese research institution specializing in economic theory, policy analysis, and socio-economic development studies under the Vietnam Academy of Social Sciences.
-
D.
Institute of Economics
The Institute of Economics is an academic unit within the Royal Academy of Cambodia that focuses on economic research and higher education in economics and related fields.
-
E.
Institute of Economics
The Institute of Economics is a higher education and research institution in Skopje specializing in economic studies and analysis as part of Ss. Cyril and Methodius University.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic theory
ⓘ
school of economic thought ⓘ |
| appliedTo |
corporate governance
ⓘ
economic development ⓘ industrial organization ⓘ labor markets ⓘ public policy analysis ⓘ |
| arguesThat |
institutional change affects economic performance
ⓘ
institutions reduce uncertainty ⓘ institutions structure incentives ⓘ |
| associatedWith |
Douglass C. North
NERFINISHED
ⓘ
John R. Commons NERFINISHED ⓘ Oliver Williamson NERFINISHED ⓘ Ronald Coase NERFINISHED ⓘ Thorstein Veblen NERFINISHED ⓘ Wesley C. Mitchell NERFINISHED ⓘ |
| contrastsWith | neoclassical economics ⓘ |
| critiques |
assumption of fully rational individuals
ⓘ
purely individualistic explanations of economic outcomes ⓘ |
| developedIn | United States NERFINISHED ⓘ |
| emphasizes |
evolutionary processes in the economy
ⓘ
historical context of economic processes ⓘ role of institutions in shaping economic behavior ⓘ |
| focusesOn |
economic institutions
ⓘ
legal institutions ⓘ political institutions ⓘ social institutions ⓘ |
| hasSubfield |
new institutional economics
ⓘ
old institutional economics ⓘ |
| includesConcept |
bounded rationality
ⓘ
collective action ⓘ path dependence ⓘ property rights ⓘ transaction costs ⓘ |
| influencedBy |
American pragmatism
NERFINISHED
ⓘ
evolutionary theory ⓘ legal realism ⓘ |
| originatedIn | late 19th century ⓘ |
| relatedTo |
behavioral economics
ⓘ
economic sociology ⓘ law and economics ⓘ political economy ⓘ |
| studies |
interaction between culture and economics
ⓘ
interaction between law and economics ⓘ interaction between politics and economics ⓘ |
| viewsEconomicBehaviorAs |
embedded in legal rules
ⓘ
embedded in political power relations ⓘ embedded in social norms ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: institutional economics Description of subject: Institutional economics is a school of economic thought that emphasizes the role of social, legal, and political institutions in shaping economic behavior and outcomes.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.