Access Orders and the ‘New’ New Institutional Economics of Development

• DOI: 10.1111/dech.12211
• Publication Date: 2015-11-19T06:02:56Z
• Authors: Hazel Gray
• Keywords: Development theory; Human settlement; New institutional economics

ABSTRACT This article examines the Access Order theories of development that have emerged as latest reformulation New Institutional Economics by Douglass North and his associates. These scholars claim theory represents a radical break from previous models institutional change in developing countries. They argue at heart is problem controlling organized violence. Two distinct social orders, Limited Open Order, solutions to endemic traces evolution these new ideas within North's how violence treated framework. The evaluates underlying economic model on which based argues conceptual device preserves key features neoclassical approach work. contrasts with political settlements To conclude, serves strip progressive potential out ignoring may affect human capabilities, rights freedom.