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Facilities of Original Institutional Economics in Research of Institutional Changes

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  • Volchik, Vyacheslav

Abstract

Institutional changes in the economy have been the research subject of many economists, the majority of studies are carried out within neoinstitutionalism. In this paper the author attempts to analyze current institutional changes in terms of the old or traditional institutionalism. The author focuses, on the one hand, on the study of asynchrony transformation of regulation mechanisms, and institutions, on the other hand. As an important factor the collective action of special interest groups are considered in the analysis of institutional changes.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 42802.

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Date of creation: Nov 2011
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Publication status: Published in JOURNAL OF ECONOMIC REGULATION 4.2(2012): pp. 24-38
Handle: RePEc:pra:mprapa:42802

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Keywords: institutional changes; collective action; institutional inertia; Veblen’s dichotomy; special interest groups;

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  1. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
  2. Nooteboom, Bart, 1999. "Innovation, Learning and Industrial Organisation," Cambridge Journal of Economics, Oxford University Press, vol. 23(2), pages 127-50, March.
  3. A. Oleynik., 2004. ""Institutional Traps" of Post-privatisation Period in Russia," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
  4. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
  5. Mancur Olson, 1996. "Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 3-24, Spring.
  6. Maslov, Alexander & Volchik, Vyacheslav, 2010. "Neutral Markets, Non-neutral Institutions and Economic Evolution," MPRA Paper 42692, University Library of Munich, Germany.
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