Satu Kahkonen and Mancur Olson (Eds.), A New Institutional Approach to Economic Development; Vistaar Publications, New Delhi, 2000. pps 354. Price Rs. (Indian) 595/-. Recent successes attributed to the field of economics have been outside the theoretical conservative boundaries of the subject. Modern economic thought is expanding rapidly in all directions: in the study of politics, law, and sociology, economists and other specialists using theories of economic thought and models have had significant influence. The book focuses on ideas that have driven the expansion of economics, namely collective choice, new institutionalist and neo classical political economy. The book has been divided into two main parts. The first deals with “the broadening of economics and emergence of an integral approach to social science” that are fundamental to any economy. The second part includes “some applications of the integrated approach” to India