This book examines current theories of institutional change. The chapters highlight the limitations of these theories. Instead a model emerges of contemporary political economies developing in incremental but cumulatively transformative processes. (Provided by publisher)

"This book provides a detailed picture of the institutionalist movement in American economics concentrating on the period between the two World Wars. The discussion brings a new emphasis on the leading role of Walton Hamilton in the formation of institutionalism, on the special importance of the...

As governments continue to privatize infrastructure services like electricity or gas the importance of private infrastructure providers increases. After some years these providers are often confronted with stricter state regulation that impacts their freedom of action and reduces their...