Ge i Ekonomileri ve Yeni Kurumsal ktisat’ n Yeniden Yükseli i = Transition Economies and the Re-Emergence of the New Institutional Economics

Transition from the socialist system that is based on central planning to the capitalist system that is based on free market involves, above all, a great and complex institutional transformation. The fact that academic studies examining economies that underwent such a transformation have ignored “institutions” especially at the beginning of this process is a result of a shortcoming in the dominant neoclassical paradigm. This shortcoming is tried to be eliminated through The New Institutional Economics (NIE) approach attempted to eliminate this shortcomings, which started to rise again after the mid-90s and included institutions as the main variable of its analys’s .The aim of this study is to demonstrate that the transition process, which is structurally complex, has gained a much more consistent and satisfying approach with NIE, which is of an interdisciplinary character.