“…Jairo Parada (2002, 46) thinks that the deductive method of NIE-scholars is one of the main obstacles for reconciliation with OIE approaches. According to Milan Zafirovski (2003), NIE-scholars continue to embrace the focus on economic orthodoxy, contrary to OIE-scholars who state that institutions are not uniquely determined. Manuel Luz and Ramon Fernandez (2018, 597) elaborate some dissimilarities between North, who (2005, vii) very substantially extended NIE, and OIE-scholars, among which North's orientation on equilibrating dynamics and on technology that promotes growth through a process creative destruction and not through a process of institutional change.…”