Evolución y principios de la teoría económica institucional: Una propuesta de aplicación para el análisis de los factores condicionantes de la creación de empresas

In this article the most relevant aspects of Institutional Economics are presented, specially the approach by Douglas North (1990, 2005) as a consistent theoretical framework for the analysis of new firm creation. The paper revises the evolution of this theory considering the different generations of institutional authors and the basic principals are stated. Finally the application of North's approach is pointed out for the study of the conditioning environmental factors to entrepreneurship.