Planning and Budgeting

Nowadays, the majority of economists believe that by taking advantages of the patterns of institutional development, economic progress can be brought to the country. In this case, however, it’s inexorably important to understand the principles of institutional economics. Hence, in this research we try to consider moral principles of institutional approach as well as the principles of philosophy in ontology and anthropology areas. Considering the vast domain of institutional economics, we will focus on those areas which represent the key differences between this approach and other orthodoxies. Our analysis demonstrates that three concepts of evolutionism or social Darwinism, bounded rationality and moral motivations in behaviors, respectively, have the biggest effect on differentiating principles of institutional models from other methods.