What is another word for institutional economics?
Pronunciation: [ˌɪnstɪtjˈuːʃənə͡l ˌiːkənˈɒmɪks] (IPA) 
Institutional economics refers to the study of how institutions affect economic behavior. Other words that are often used interchangeably with institutional economics are institutionalism, new institutional economics, and institutional analysis. These terms all refer to the same general field of study, which includes analysis of the institutions that shape economic behavior, such as legal systems, property rights systems, and social norms. Institutional economics is often contrasted with neoclassical economics, which emphasizes individual choice and market efficiency as the primary drivers of economic behavior. Despite these differences, however, institutional economics and neoclassical economics are not necessarily mutually exclusive, and many economists draw on both approaches in their work.
