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The Present State of Institutional Economics


  • Samuels, Warren J


After articulating the institutionalist paradigm and its principal facets, the article examines the present status, converging interests, and possible future of institutional economics. Emphasis is on related schools of thought and, especially, European (and other) developments along evolutionary and holistic lines of analysis, and on a new generation of U.S. and, especially, European authors. Among more specific themes are the importance of power, technology, social change, social control, organizations, and institutions in governing economic performance. The work of European authors is expected to become increasingly important owing to their concern with subject matter and policy issues, rather than sectarian questions. (c) 1995 Academic Press, Ltd. Copyright 1995 by Oxford University Press.

Suggested Citation

  • Samuels, Warren J, 1995. "The Present State of Institutional Economics," Cambridge Journal of Economics, Oxford University Press, vol. 19(4), pages 569-590, August.
  • Handle: RePEc:oup:cambje:v:19:y:1995:i:4:p:569-90

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    References listed on IDEAS

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    10. Kurt Dopfer & John Foster & Jason Potts, 2004. "Micro-meso-macro," Journal of Evolutionary Economics, Springer, vol. 14(3), pages 263-279, July.
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    2. Michel S. Zouboulakis & John Kamarianos, 2002. "Racionalidad y cooperación entre firmas. Examen del comportamiento habitual de las industrias griegas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(7), pages 98-113, July-Dece.
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    4. Resmini, Laura, 2006. "Theoretical and Methodological Study on Comparative Advantages in Dynamic Growth Regions, Convergence and Inequalities Patterns," Papers DYNREG03, Economic and Social Research Institute (ESRI).
    5. Ricardo Kerguelén Méndez, 2016. "[Ensayo] Liberalismo e instituciones: Douglass North y la economía neoclásica," REVISTA ECONOMÍA & REGIÓN, UNIVERSIDAD TECNOLÓGICA DE BOLÍVAR, vol. 10(1), pages 249-290, June.
    6. Kang-Kook Lee, 2010. "The Change of the Financial System and Developmental State in Korea," Working Papers id:3307, eSocialSciences.
    7. Olsson, Ola, 2000. "A Microeconomic Analysis of Institutions," Working Papers in Economics 25, University of Gothenburg, Department of Economics.
    8. Martin Kniepert, 2017. "Bringing Institutions into Economics when Teaching Economics as a Minor Subject," Working Papers 702017, Institute for Sustainable Economic Development, Department of Economics and Social Sciences, University of Natural Resources and Life Sciences, Vienna.
    9. Adger, W. Neil, 1999. "Evolution of economy and environment: an application to land use in lowland Vietnam," Ecological Economics, Elsevier, vol. 31(3), pages 365-379, December.
    10. Zoya Mladenova, 2006. "The Evolution of Economic Theory during the Twentieth Century," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 49-71.
    11. Mansell, Robin, 2006. "Collective action, institutionalism, and the internet," LSE Research Online Documents on Economics 760, London School of Economics and Political Science, LSE Library.
    12. Zoya Mladenova, 2006. "20th Century and Evolution of the Economic Theory (Neoclassical School: Development of Macroeconomics. Non-orthodox Economic Schools)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-22.
    13. Eduardo Strachman, 2002. "Instituições: uma caracterização crítica," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 3(1), pages 113-157, January-J.
    14. Guy Meublat, 2001. "La gestion partagée des fleuves internationaux en Afrique," Revue Tiers Monde, Programme National Persée, vol. 42(166), pages 427-453.
    15. Kobos, Peter H. & Erickson, Jon D. & Drennen, Thomas E., 2006. "Technological learning and renewable energy costs: implications for US renewable energy policy," Energy Policy, Elsevier, vol. 34(13), pages 1645-1658, September.
    16. Fernando Ferrari Filho & Octavio Augusto Camargo Conceição, 2001. "A noção de incerteza nos pós-keynesianos e institucionalistas: uma conciliação possível? [The concept of uncertainty in Post-Keynesian theory and in institutional economics]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 11(1), pages 99-122, July.
    17. Choi, Jongmoo Jay & Lee, Sang Mook & Shoham, Amir, 2016. "The effects of institutional distance on FDI inflow: General environmental institutions (GEI) versus minority investor protection institutions (MIP)," International Business Review, Elsevier, vol. 25(1), pages 114-123.
    18. Csaba, László, 1999. "A rendszerváltozás elmélete és/vagy a közgazdaságtan kudarca?
      [The theory of systemic change and/or the fiasco of economics?]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-19.
    19. Ron A. Boschma & Koen Frenken, 2006. "Why is economic geography not an evolutionary science? Towards an evolutionary economic geography," Journal of Economic Geography, Oxford University Press, vol. 6(3), pages 273-302, June.
    20. Véronique Dutraive, 2012. "The Pragmatist View of Knowledge and Beliefs in Institutional Economics: The Significance of Habits of Thought, Transactions and Institutions in the Conception of Economic Behavior," Chapters,in: Handbook of Knowledge and Economics, chapter 5 Edward Elgar Publishing.
    21. Paschalis Arvanitidis, 2006. "A Framework of Socioeconomic Organisation: Redefining Original Institutional Economics Along Critical Realist Philosophical Lines," ERSA conference papers ersa06p575, European Regional Science Association.
    22. Cogoy, Mario, 1999. "The consumer as a social and environmental actor," Ecological Economics, Elsevier, vol. 28(3), pages 385-398, March.
    23. Octavio Augusto Camargo Conceição, 2003. "Elementos para uma Teorização Apreciativa Institucionalista do Crescimento Econômico: uma Comparação das Abordagens de North, Matthews e Zysman," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] a38, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
    24. Strachman, Eduardo, 2001. "Institutions: a critical analysis of their main characteristics," MPRA Paper 25621, University Library of Munich, Germany, revised 2010.
    25. Valentinov, Vladislav, 2015. "From equilibrium to autopoiesis: A Luhmannian reading of Veblenian evolutionary economics," Economic Systems, Elsevier, vol. 39(1), pages 143-155.

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