Vol.8, No 4, 2011 pp. 379 - 387
UDC 657.471.1
TRANSACTION COSTS AND THE EFFICIENCY OF INSTITUTIONS
Dragan Petrović, Miloš Krstić
Faculty of Economics, University of Niš, Serbia
dragan.petrovic@eknfak.ni.ac.rs
The economists of neoclassical school aiming to give economics the status of an exact discipline, made a distinction between the study of facts and the study of values, emphasising that the primary domain of economic science is studying facts. From Marshall, over Pigou and Robinson, economic science has attained the status of the science of choice or science of rational decision-making. In the orthodox model of rational decision making, the role of transaction costs in the economic development of society is interpreted incorrectly. The purpose of this paper is to prove that the declining efficiency of the institute in the short-term increases the specific transaction costs, while their long-term increase in efficiency reduces specific and increases general transaction costs.
Key Words: transaction costs, the adaptive efficiency of institutions, evolutionary efficiency of institutions, technology, Majewski's theorem, Coase's theorem
TRANSAKCIONI TROŠKOVI I EFIKASNOST INSTITUCIJA
Ekonomisti neoklasične škole, u nameri da ekonomskoj nauci daju status egzaktne naučne discipline, pravili su razliku između proučavanja činjenica i proučavanja vrednosti, naglašavajući da je prevashodni domen ekonomske nauke proučavanje činjenica. Od Maršala, preko Pigua i Robinsona, ekonomska nauka dobila je status nauke o izboru ili utvrđivanju racionalnih odluka. U ortodoksnom modelu racionalnog odlučivanja uloga transakcionih troškova u ekonomskom razvoju društva se tumači na pogrešan način. Stoga je cilj ovog rada da dokaže da pad efikasnosti instituta u kratkom roku povećava posebne transakcione troškove, dok porast njihove efikasnosti u dugom roku smanjuje posebne i povećava opšte transakcione troškove.
Ključne reči: transakcioni troškovi, adaptivna efikasnost institucija, evolutivna efikasnost institucija, tehnologija, ljudski kapital, teorema Majevskog, Kouzova teorema
