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Processus de marché et changement institutionnel : pour un dialogue entre traditions autrichienne et institutionnaliste

Author

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  • Philippe Dulbecco
  • Véronique Dutraive

Abstract

Our contribution aims at revealing the terms of a confrontation between Austrian and Institutional schools concerning the nature and the role of markets. Such an approach is justified by, on the one hand, the characteristics shared by both theoretical traditions and on the other by the fact that if the economic analysis of institutions constitutes an essential link in the Austrian project of building an alternative theory of markets, it is probably also the weakest one. The benefit of the confrontation is thus to draw up a theory of institutions compatible with an ? Austrian ? market process analysis. The analysis thus obtained, which grants a crucial place to the dynamics of institutions, builds a bridge between two traditions which have more to exchange than is usually thought, particulary in the perspective of the elaboration of an alternative theory of the market inside which time matters. Classification JEL : B25, B52, B53

Suggested Citation

  • Philippe Dulbecco & Véronique Dutraive, 2002. "Processus de marché et changement institutionnel : pour un dialogue entre traditions autrichienne et institutionnaliste," Revue d'économie politique, Dalloz, vol. 112(2), pages 229-253.
    • Handle: RePEc:cai:repdal:redp_122_0229
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    More about this item

    Keywords

    market process; institutional dynamics; austrian economics; institutional economics;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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