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Economic Activity and Institutions

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  • Saeed Parto

    (MERIT)

Abstract

This paper is one of two working papers concerning the waste management sector transition project run from MERIT under the direction of René Kemp. This paper examines some of the numerous meanings and interpretations associated with the words “institution” and “institutions” and the different levels at which the two notions are employed. Institutionalism, institutionalization, institutional change and related terms are discussed followed by an examination of the links between “institutionalism” and the discipline of economics. The analytical, policy and political implications of the institutionalist approach are discussed and ways in which the institutionalist approach may be applied to changes in the economy during transitions are explored.

Suggested Citation

  • Saeed Parto, 2003. "Economic Activity and Institutions," Others 0303001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpot:0303001
    Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on A4 paper ; pages: 42 . Typed in Microsoft Word and submitted as Acrobat pdf
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0303/0303001.pdf
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    References listed on IDEAS

    as
    1. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
    2. Geoffrey M. Hodgson & Warren J. Samuels & Marc R. Tool (ed.), 1994. "The Elgar Companion to Institutional and Evolutionary Economics," Books, Edward Elgar Publishing, volume 0, number 228, June.
    3. F. Gregory Hayden, 1987. "Evolution of Time Constructs and Their Impact on Socioeconomic Planning," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(3), pages 1281-1312, September.
    4. F. Gregory Hayden & Kurt Stephenson, 1992. "Overlap of Organizations: Corporate Transorganization and Veblen’s Thesis on Higher Education," Journal of Economic Issues, Taylor & Francis Journals, vol. 26(1), pages 53-85, March.
    5. Elster, Jon, 1989. "Social Norms and Economic Theory," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 99-117, Fall.
    6. Geoffrey M. Hodgson (ed.), 1993. "The Economics of Institutions," Books, Edward Elgar Publishing, number 557, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Parto, Saeed, 2003. "Technological Change and Institutions: A Case Study," Research Memorandum 036, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).

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    More about this item

    Keywords

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    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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