Institutions: a critical analysis of their main characteristics
The paper aims to investigate the main characteristics of institutions, as well as some of their more conspicuous peculiarities, as, for instance, their resistance to change, chiefly when compared to the capacity and speed of transformation of what is called the other social factors (or components). The article tries to describe the relationships among institutions and other social factors, in addition to contrasts and similarities among institutions in different levels, and in distinct countries and regions. It also intends to show the factors that conduct to a growing or decreasing institutional homogeneity in these different loci, and to an augmentation or lessening of the institutional instrumentality. Besides, the paper tries to give a better definition of institutions, which is important nowadays, given the increasing interest of economics for institutions.
|Date of creation:||2001|
|Date of revision:||2010|
|Publication status:||Published in Economia 1.3(2002): pp. 113-157|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Elster, Jon, 1989. "Social Norms and Economic Theory," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 99-117, Fall.
- Samuels, Warren J, 1995. "The Present State of Institutional Economics," Cambridge Journal of Economics, Oxford University Press, vol. 19(4), pages 569-90, August.
- Rosenberg, Nathan, 1976. "On Technological Expectations," Economic Journal, Royal Economic Society, vol. 86(343), pages 523-35, September.
- Pagano, Ugo & Rowthorn, Robert, 1994. "Ownership, technology and institutional stability," Structural Change and Economic Dynamics, Elsevier, vol. 5(2), pages 221-242, December.
- Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-61, October.
- Walker, Donald A, 1977. "Thorstein Veblen's Economic System," Economic Inquiry, Western Economic Association International, vol. 15(2), pages 213-37, April.
- Herbert A. Simon, 1991. "Organizations and Markets," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 25-44, Spring.
- Mario Rizzo, 1985. "Rules Versus Cost-Benefit Analysis in the Common Law," Cato Journal, Cato Journal, Cato Institute, vol. 4(3), pages 865-896, Winter.
- Landesmann, Michael A. & Pagano, Ugo, 1994. "Institutions and economic change," Structural Change and Economic Dynamics, Elsevier, vol. 5(2), pages 199-203, December.
- Dosi, Giovanni, 1988. "Institutions and Markets in a Dynamic World," The Manchester School of Economic & Social Studies, University of Manchester, vol. 56(2), pages 119-46, June.
- George Akerlof, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 599-617.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:25621. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.