00000cab a22000004cb4500 IPP-00000575091 IPP 20210601151530.0 210601s2019 xx d | ||r |||||eng|| eng De Dios, Emmanuel S. What the new institutional economics owes Marx What the new institutional economics owes Marx 2019 The bicentennial of Marx’s birth (2018) and the earlier sesquicentennial of Capital’s publication (2017) are opportunities to examine aspects of new institutional economics and incentive theory with an affinity to or origin in concepts first put forward by Marx. A major idea pertains to industrial organization and the theory of the firm. We compare Marxian and new-institutional insights and conversely attempt to interpret some of Marx’s ideas from a new-institutional viewpoint. Marx, Karl, 1818-1883 Marxian economics Institutional economics Philippine Review of Economics Vol. LVI, no. 1 & 2 (Jun. 2019 - Dec. 2019), 257-278 UPD DECON Article FI