Monograph10.1017/CBO9780511625879
Institutions in Economics: The Old and the New Institutionalism
688
TL;DR: In this article, the authors define and discuss formalism and anti-formalism, individualism and holism, rationality and rule following, efficiency and reform, and complementarity.
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Abstract: 1. Definitions and issues 2. Formalism and anti-formalism 3. Individualism and holism 4. Rationality and rule following 5. Evolution and design 6. Efficiency and reform 7. Conflicts and complementarities.
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TL;DR: In this article, the authors provide a sympathetic critique and elaboration of this emergent EEG but take issue with some aspects of its characterization in recent programmatic statements, arguing that the reliance on certain theoretical frameworks that are imported from evolutionary economics and complexity science threatens to isolate it from other approaches in economic geography, limiting the opportunities for crossfertilization.
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Comparing theories of institutional change
TL;DR: In this paper, a variety of theoretical approaches to conceptualizing institutional change are compared with respect to the causes, process, and outcomes of institutional change and the role of habit, learning, and bounded rationality.
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