Comment On Theories Of Nation In New-institutional Economics

New-institutional Economics, a rising embranchment emerging in the 1960s, incorporates Theories of Enterprises, Property Rights, Economic Increase, Nation and Institutional Change and Innovation. It covers extensively, involving politics, law, sociology and study of management, etc. The new system asserts its peculiarity for its keen insight into the endogenetic nature of an institution and its influence on the economic performance with the application of marginal analysis. That is right the point that the traditional economic theories leave off and that enhances the practicality of economic theories.Theories of nation in the system compose of three aspects: the origin of nation, the function of nation and the influence of nation on institutional change. The new-institutional economics employ Maximization of Benefit and Transaction Costs Analysis, etc. in the neoclassical economics to set up a model of nation, taking it as an economic man pursuing the maximum benefit. Furthermore, theories of property rights and nation are also incorporated to form an inimitable perspective and tool for the analysis.The present thesis attempts to generalize and integrate theories of nation in New-institutional Economics within the framework of Marxism. Comparisons, literature analyses, inductions and analyses of history and logic, etc. are employed in the discussion, with a focus on the relationship between nation and institutional change. Integrated with the practice, it also probes into the instructive values of the theory to the contemporary reform in China.