The economic department of the University Externado de Colombia took the initiative to consolidate reflections in the wide area of institutional economics. This effort is driven by the ideal that today, the world is facing a new era of development in the political and the economical system. Comprehension of this is a key element for social researchers, organizations and research institutions that look for the social welfares, the development of political institutions and a better market performance. The analysis of this new international configuration requires new theories, news tools, new methodologies, and a great effort to break the existing barriers imposed by todays professional specialists. This new approach has identified new problems and has influenced the political reform of the economic and political institutions. thus, the legal system. Therefore, it has influenced more and more the development of economics all over the world.

The Revista de Economía Institucional, is a plural publication in which research and theoretical works related to institutional economics made by Colombian and International researchers are discussed and extended. It has the aim to contribute in the creation of an academic society that brings together an environment of free expression.

The journal will hold the copy rights and the reproduction of the documents in other printed o magnetic resources should be authorized by the Editor and include the following footnote: “Reprinted from the Revista de Economía Institucional". Those interested in reproducing the articles please send a message to ecoinstitucional@uexternado.edu.co Also, the articles can be download from Scopus [www.scopus.com], SciELO Colombia [www.scielo.org.co], Repec [econpapers.repec.org], SSRN [www.ssrn.com], Red ALyC [redalyc.uaemex.mx], among others.