IDEAS home Printed from https://ideas.repec.org/p/hal/cesptp/hal-03535901.html
   My bibliography  Save this paper

Dimensionalizing institutions [chapter 8]

Author

Listed:
  • Claude Ménard

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, UP1 UFR02 - Université Paris 1 Panthéon-Sorbonne - École d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne)

Abstract

Geoff Hodgson has criticized the New Institutional Economics with the aim of rehabilitating the so-called original institutional economics associated most notably with Thorstein Veblen. The chapter argues that although there are differences between Hodgson and the institutionalism associated with Ronald Coase, Oliver Williamson and Douglass North, a comparison of Hodgson's definitions of institutions, markets and firms with those developed recently in the Coase-North-Williamson tradition reveals that these have more to do with Hodgson's strategy of differentiation than with fundamental disagreements on substance. Divergences are more substantial when it comes to other issues that new institutionalists consider important but that Hodgson either rejects or overlooks. In particular, Hodgson's rejection of the concept of hybrid forms and his neglect of intermediate institutions that link the general rules of the game and the agents and organizations operating within these rules produce a somewhat amputated picture of how modern capitalist systems work.

Suggested Citation

  • Claude Ménard, 2019. "Dimensionalizing institutions [chapter 8]," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03535901, HAL.
  • Handle: RePEc:hal:cesptp:hal-03535901
    DOI: 10.4337/9781785365003.00017
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:cesptp:hal-03535901. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.