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Institutions and Individuals: Interaction and Evolution

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  • G. HODGSON.

Abstract

The author claims that the conceptualization of the relation between individual and structure is central to social science. This paper overviews some recent developments in the social theory of structure and agency, and makes a novel addition, based on a concept of habit derived from pragmatist philosophy and sociology and from Veblenian institutional economics. The author shows how processes of habituation provide a mechanism of ‘reconstitutive downward causation’ where institutional circumstances may affect individual preferences. Finally, special characteristics of organizations are discussed, endorsing an evolutionary analytical approach that combines insights from both evolutionary economics and organization science.

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Bibliographic Info

Article provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.

Volume (Year): 8 (2008)
Issue (Month): ()
Pages:

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Handle: RePEc:nos:voprec:2008-08-3

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Web page: http://www.vopreco.ru/eng/year.html

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Cited by:
  1. Roberta Patalano, 2010. "Understanding economic change: the impact of emotion," Constitutional Political Economy, Springer, vol. 21(3), pages 270-287, September.
  2. Andrea Migone, 2011. "Embedded markets: A dialogue between F.A. Hayek and Karl Polanyi," The Review of Austrian Economics, Springer, vol. 24(4), pages 355-381, December.
  3. Lazaric, Nathalie, 2011. "Organizational routines and cognition: an introduction to empirical and analytical contributions," Journal of Institutional Economics, Cambridge University Press, vol. 7(02), pages 147-156, June.
  4. Vladislav Valentinov, 2012. "Toward a holistic nonprofit economics: insights from institutionalism and systems theory," Journal of Bioeconomics, Springer, vol. 14(1), pages 77-89, April.
  5. Nathalie Lazaric & Kevin Maréchal, 2010. "Overcoming inertia: insights from evolutionary economics into improved energy and climate policy," Post-Print hal-00452205, HAL.
  6. Silvia Sacchetti & Ermanno C. Tortia, 2010. "A NEW FRAMEWORK FOR THE ECONOMIC ANALYSIS OF COOPERATIVE FIRMS: Self-defined rules, common resources, motivations, and incentives," Econometica Working Papers wp21, Econometica.
  7. Seelos, Christian & Mair, Johanna, 2010. "Organizational mechanisms of inclusive growth: A critical realist perspective on scaling," IESE Research Papers D/840, IESE Business School.
  8. Samantha Watson, 2012. "Formalizing the Informal Economy: Women’s Autonomous Self-Employment in Rural South India," Working Papers id:4784, eSocialSciences.

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