International Society for New Institutional Economics

The International Society for New Institutional Economics (ISNIE) is an academic group that studies how institutions—like laws, regulations, and social norms—affect economic behaviors and outcomes. They focus on understanding how these structures reduce uncertainty and transaction costs in economic activities, leading to more efficient markets and organizations. By bringing together scholars worldwide, ISNIE advances research on how institutions evolve and influence economic development, helping policymakers and businesses make informed decisions. Their work bridges economics, law, and political science, offering insights into the foundational role institutions play in shaping economic life.