The new institutional economics nie literature offers insights on how legal norms and rules ie institutions underlie an economic activity such as sis 26 the nie theory describes how . This collection of essays comprises some of rudolf richters important contributions to research on new institutional economics nie it deals with the central idea principles and methodology of new institutional economics and explores its relation to sociology and law other chapters examine applications of nie to various microeconomic and macroeconomic issues in the face of uncertainty . This collection of essays comprises some of rudolf richters important contributions to research on new institutional economics nie it deals with the central idea principles and methodology of new institutional economics and explores its relation to sociology and law. Essays on new institutional economics rudolf richter auth this collection of essays comprises some of rudolf richters important contributions to research on new institutional economics nie it deals with the central idea principles and methodology of new institutional economics and explores its relation to sociology and law. The new institutional economics nie is an interconnected web and an amalgam of transaction costs economics the cooperative and non cooperative game theory of social institutions an evolutionary approach to economics the economics of property rights the economic analysis of history an economic approach to legal institutions and an analysis