John Nye - clear discussion of NIE applied to the Phillipines

I recently listened to this talk (you can download a podcast if you don't have time to watch.

Nye does a wonderful job of:

1. Describing and applying the economic way of thinking
2. Describing and applying new institutional economics
3. Applying the above to a case - the Phillipines

Nye references neo-classical economics, Douglass North, Paul Romer, Paul Krugman, Eleanor Ostrom, Adam Smith and development and growth theory from the perspective of institutional analysis.

I have been discussing civil discourse, the economic way of thinking, the gap between theory and practice and the limitations of markets in a free and responsible society. This podcast is, upon reflection, an accessible, civil and thoughtful effort to address a broad audience.

Taking Institutions Seriously: The Real Lessons of New Institutional Economics for Development
by John Nye on December 08, 2010
Are we all institutionalists now? What should development agencies really learn from the New Institutional Economics? Nye discusses the impediments to growth in underdeveloped countries and explains why most reform attempts ignore the most important distortions in poorly functioning economies and misunderstand the incentives facing both donors and recipients.