The chapter outlines a basic model for new institutionalist political economy as a frame for analyzing the relationship between productivity and justice in market societies. It combines a basic model for understanding market societies, a framework for integrating the role of racialized and...

This paper studies the research interests, paradigmatic orientation and political orientation of about 700 full professors of economics at universities located in German-speaking countries. In doing so, we captured biographical and institutional information on these professorships by collecting...

Despite being a key term in institutional economics, the term "institution" seems to be used in various different ways. To what extent is this problematic, given that a shared understanding of key terms among scholars is a necessary condition for scientific progress? We review prominent...

The purpose of the current research is to introduce the New Institutional Economics (NIE) with the focus placed on Bulgarian agriculture. On the one hand, this includes the description of institutional impact on the separate actors, operating within agricultural organizations. On the other hand,...

What role do community norms play in the diffusion and persistence of new organizational practices? We explore this question through an examination of the widespread practice of wage arrears, the late and non-payment of wages, in Russia during the 1990s. Existing research on wage arrears most...

Dieser Beitrag erläutert (1) die Fragestellung des Hayekschen Gesamtwerks. Ferner skizziert er (2), wie Hayek diese Fragestellung mit seinem Ansatz bearbeitet hat. Sodann werden (3) Stärken und Schwächen dieses Ansatzes diskutiert. Abschließend (4) formuliert dieser Beitrag Lektionen für...

This paper is an attempt to analyze institutional change in the economy synthesizing the original and new methodologies of institutional economics. The concepts of social values, interest groups, and social capital are applied in this context in order to create a theoretical framework based on a...

Dieser Beitrag erläutert (1) die Fragestellung des Hayekschen Gesamtwerks. Ferner skizziert er (2), wie Hayek diese Fragestellung mit seinem Ansatz bearbeitet hat. Sodann werden (3) Stärken und Schwächen dieses Ansatzes diskutiert. Abschließend (4) formuliert dieser Beitrag Lektionen für...

Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical economics in the 1930s was characterized by an abstract conception of marginalism and frictionless resource movement. Marginal analysis did not seek to uncover the source of individual human...

In this work we analyse the main interpretations of ownership in Original Institutional Economics (OIE) and their links with pragmatist psychology and psychoanalysis. We consider Thorstein Veblen's notion of ownership as a relation of possession of persons, and John R.Commons's distinction...