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The Economics of Rhetoric : On Metaphors as Institutions

Lanteri, Alessandro; Yalcintas, Altug - 2006

The professional life of economists takes place within the boundaries of the institution of academic economics. Belonging to the institution enable economists in many ways. It provides a context wherein their contribution is meaningful. But it constrains, too, what economists are allowed to do...

Persistent link: https://www.econbiz.de/10014058001

Institutional Economics and Economic Science

Lozano, Jaime - 2003

This article presents a comparative analysis of the approaches of institutional economics and Walrasian economics. After reviewing the differences between both perspectives, it argues that institutional economics is an alternative, however incomplete, to general equilibrium economics. It...

Persistent link: https://www.econbiz.de/10014075389

An Evolutionary View of Institutional Complexity

Chen, PhD, CFA, Victor Zitian; Cantwell, John A. - 2022

In this conceptual paper, we discuss the evolutionary root causes of institutional complexity, defined as inherently incompatible prescriptions when different sources of institutions intersect at the same space and time. We suggest that societies are not delineated by clear-cut boundaries, but...

Persistent link: https://www.econbiz.de/10014079540

The End of Capitalism, Again? An Institutional-Evolutionary View

McDonagh, Naoise - 2020

regulation. In this thesis I use institutional-evolutionary theory to critically assess the limitations of key arguments in the … debate on capitalism’s future. Institutional-evolutionary theory is based on a contemporary revival of Thorstein Veblen …’s work. I argue the theory contains the resources for investigating the historical specificity of capitalism. Following …

Persistent link: https://www.econbiz.de/10014092262

Power and Productivity : Institutions, Ideology, and Technology in Political Economy

Benkler, Yochai - 2022

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...

Persistent link: https://www.econbiz.de/10014084088

An evolutionary perspective on the endogenous instability of capitalist dynamics

Klapkiv, Lyubov; Ülgen, Faruk - In: Central European economic journal 9 (2022) 56, pp. 291-308

This article is a theoretical and conceptual exploration into the study of the dynamics of financial innovations and their consequences in market economies. Drawing upon the works of Schumpeter and Minsky in an institutionalist and evolutionary tradition, the article puts forward the monetary...

Persistent link: https://www.econbiz.de/10013502255

New Institutional Economics and Implementation Theory

Cárdenas, Ernesto; Ojeda, Jair - 2005

terms of Implementation Theory (IT). First, it explains some of the expressions used by the NIE, such as institutions …, transaction costs, property rights and methodological individualism. Afterwards, it gives a wide definition of the IT in order to …

Persistent link: https://www.econbiz.de/10014065591

Technology and social rules and norms in neo-Schumpeterian economics and in original institutional economics

Schwardt, Henning - In: PSL quarterly review 75 (2022) 303, pp. 385-401

The foundation for both the neo-Schumpeterian and original institutional economics school of thought is the emphasis on evolutionary processes in economies. The relationship between technology and the social rules and norms that coordinate the behavior of people provides the focus for their...

Persistent link: https://www.econbiz.de/10014230890

The interpretation of ownership : insights from original institutional economics, pragmatist social psychology and psychoanalysis

Hermann, Arturo - In: Economic thought 11 (2023) 1, pp. 15-36

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...

Persistent link: https://www.econbiz.de/10014287716

The New Institutional Economics and Cliometrics

Alston, Eric; Alston, Lee J.; Mueller, Bernardo - 2023

neoclassical theory to develop and test hypotheses in economic history. But empirical consideration of economic and political … on complexity theory to further supplement the NIE and Cliometrics …

Persistent link: https://www.econbiz.de/10014262712