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Disentangling institutions: a challenge

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  • 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

That "institutions matter" has become a mantra among economists. It has not always been so. For a long time, the conventional wisdom considered institutions as exogenous parameters, the study of which should be delegated to ‘soft' social sciences, mainly sociology and political sciences. And many contemporary economists still disregard the analysis of institutions in their research agenda, mainly because of the difficulty in quantifying and modeling their role

Suggested Citation

  • Claude Ménard, 2022. "Disentangling institutions: a challenge," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-04012202, HAL.
    • Handle: RePEc:hal:cesptp:hal-04012202
    DOI: 10.1186/s40100-022-00223-w
    Note: View the original document on HAL open archive server: https://hal.science/hal-04012202
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    References listed on IDEAS

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    1. Claude Ménard & Mary M. Shirley, 2022. "Advanced Introduction to New Institutional Economics," Post-Print hal-03276076, HAL.
    2. Rolf Künneke & Claude Ménard & John Groenewegen, 2021. "Network Infrastructures: Technology meets Institutions," Post-Print hal-03276067, HAL.
    3. Claude Ménard & Mary M. Shirley, 2022. "Advanced Introduction to New Institutional Economics," Books, Edward Elgar Publishing, number 19139.
    4. North, Douglass C., 1971. "Institutional Change and Economic Growth," The Journal of Economic History, Cambridge University Press, vol. 31(1), pages 118-125, March.
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