Economic Activity and Institutions
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.
|Date of creation:||25 Mar 2003|
|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|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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- Elster, Jon, 1989. "Social Norms and Economic Theory," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 99-117, Fall.
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