二十世紀末期興起的「後現代政治經濟體，展現出五個特性:全球化、數位化、現代與後現代議題的糾纏、反分殊化、以及自我表現化。這些特性使得傳統政治經濟學理論逐漸失去解釋能力。本文主張「後現代政治經濟學」的方法論，要具備跨領域、跨分析層次、價值判斷、政策建議、說故事以及新制度論的成份。讀者可以依照七個實用的新制度論步驟，研究絕大多數的後現代政治經濟議題。本文並以此分析法，指出「發展國家論」之不足，而提出「發展制度論」取而代之。

The post-modern political economy emerged in the late twentieth century exhibit five attributes: globalization， digitization， entanglement of modern and postmodern issues， de-differentiation and self-expression. These attributes gradually strip away the explanatory power of traditional theories of political economy. This paper argues that a theory of post-modern political economy should incorporate elements of interdisciplinarγanalysis， multi-level analysis， value judgment， policy reform， story-telling and new institutionalism. Seven practical steps of new institutional analysis are recommended to study issues of post-modern political economy. Based on this new approach， this paper exposes the weaknesses of the developmental state theory and proposes instead the developmental institution theoηT.