IDEAS home Printed from https://ideas.repec.org/a/eee/lauspo/v121y2022ics0264837722003271.html
   My bibliography  Save this article

Institutional form (blueprints) and institutional function (process): Theoretical reflections on property rights and land

Author

Listed:
  • Groenewegen, John

Abstract

This paper is concerned with the question how we should understand cases on property rights in general, and on land economics in particular, in which a remarkable level of growth (or other measures of institutional performance) is combined with so-called ‘perverse’ institutions. That is to say institutions that are not proposed by the neoliberal politics, in which the insights of mainstream economics (orthodoxy) and especially the economics of property rights and related market policies based on formal competition and corporate laws, figure prominently. This approach works out of the idea that societal objectives can be realized by following the blueprint of establishing the ‘right’ institutions, so the behavior of the actors in society is incentivized in the right direction and the societal objectives such as efficiency, innovation, and economic growth are realized. In this approach economic policy is about creating the right institutional form of the economy according to the “blueprint” of neo-liberal politics, which is based on mainstream economics, also known as neoclassical economics (NCE), or orthodoxy. This paper will review various theoretical positions that might substantiate or provide credence to an alternative view based on the function of institutions.

Suggested Citation

  • Groenewegen, John, 2022. "Institutional form (blueprints) and institutional function (process): Theoretical reflections on property rights and land," Land Use Policy, Elsevier, vol. 121(C).
    • Handle: RePEc:eee:lauspo:v:121:y:2022:i:c:s0264837722003271
    DOI: 10.1016/j.landusepol.2022.106300
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264837722003271
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.landusepol.2022.106300?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Paul D. Bush, 1987. "The Theory of Institutional Change," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(3), pages 1075-1116, September.
    2. Spiller, Pablo T., 2013. "Transaction cost regulation," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 232-242.
    3. Wilfred Dolfsma, 2004. "Institutional Economics and the Formation of Preferences," Books, Edward Elgar Publishing, number 2961.
    4. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    5. Ho, Peter, 2018. "A theorem on dynamic disequilibrium: Debunking path dependence and equilibrium via China’s urban property (1949–1998)," Land Use Policy, Elsevier, vol. 79(C), pages 863-875.
    6. Paul Bush, 2009. "The Neoinstitutionalist Theory of Value," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(2), pages 293-307.
    7. Masahiko Aoki, 2013. "Endogenizing institutions and institutional changes," Chapters, in: Comparative Institutional Analysis, chapter 16, pages 267-297, Edward Elgar Publishing.
    8. Wesley Clair Mitchell, 1927. "Business Cycles: The Problem and Its Setting," NBER Books, National Bureau of Economic Research, Inc, number mitc27-1.
    9. Fan, Shengyue & Yang, Jinfei & Liu, Wenwen & Wang, He, 2019. "Institutional Credibility Measurement Based on Structure of Transaction Costs: A Case Study of Ongniud Banner in the Inner Mongolia Autonomous Region," Ecological Economics, Elsevier, vol. 159(C), pages 212-225.
    10. Koroso, Nesru H. & Zevenbergen, Jaap A. & Lengoiboni, Monica, 2019. "Land institutions’ credibility: Analyzing the role of complementary institutions," Land Use Policy, Elsevier, vol. 81(C), pages 553-564.
    11. Commons, John R., 1931. "Institutional Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 21, pages 648-657.
    12. Goyal, Yugank & Choudhury, Pranab Ranjan & Ghosh, Ranjan Kumar, 2022. "Informal land leasing in rural India persists because it is credible," Land Use Policy, Elsevier, vol. 120(C).
    13. Wesley Clair Mitchell, 1927. "Introductory pages to "Business Cycles: The Problem and Its Setting"," NBER Chapters, in: Business Cycles: The Problem and Its Setting, pages -23, National Bureau of Economic Research, Inc.
    14. Thorstein Veblen, 1899. "Mr. Cummings's Strictures on "The Theory of the Leisure Class"," Journal of Political Economy, University of Chicago Press, vol. 8(1), pages 106-106.
    15. Groenewegen, J. & Kerstholt, F.T.S. & Nagelkerke, A.G., 1995. "On integrating new and old institutionalism : Douglass North building bridges," Other publications TiSEM cc3f6aba-ee41-4256-93de-8, Tilburg University, School of Economics and Management.
    16. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    17. Charles K. Wilber & Robert S. Harrison, 1978. "The Methodological Basis of Institutional Economics: Pattern Model, Storytelling, and Holism," Journal of Economic Issues, Taylor & Francis Journals, vol. 12(1), pages 61-89, March.
    18. Ghorbani, Amineh & Ho, Peter & Bravo, Giangiacomo, 2021. "Institutional form versus function in a common property context: The credibility thesis tested through an agent-based model," Land Use Policy, Elsevier, vol. 102(C).
    19. Veblen, Thorstein, 1899. "The Theory of the Leisure Class," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1899.
    20. Gomes, Sharlene L. & Hermans, Leon M., 2018. "Institutional function and urbanization in Bangladesh: How peri-urban communities respond to changing environments," Land Use Policy, Elsevier, vol. 79(C), pages 932-941.
    21. Masahiko Aoki, 2001. "Toward a Comparative Institutional Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011875, December.
    22. You, Heyuan & Zhang, Jinrong & Song, Yan, 2022. "Assessing conflict of farmland institutions using credibility theory: Implications for socially acceptable land use," Land Use Policy, Elsevier, vol. 112(C).
    23. Hodgson, Geoffrey M. & Stoelhorst, J. W., 2014. "Introduction to the special issue on the future of institutional and evolutionary economics," Journal of Institutional Economics, Cambridge University Press, vol. 10(4), pages 513-540, December.
    24. John Groenewegen & Frans Kerstholt & Ad Nagelkerke, 1995. "On Integrating New and Old Institutionalism: Douglass North Building Bridges," Journal of Economic Issues, Taylor & Francis Journals, vol. 29(2), pages 467-475, June.
    25. Grabel, Ilene, 2000. "The Political Economy of 'Policy Credibility': The New-Classical Macroeconomics and the Remaking of Emerging Economies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 24(1), pages 1-19, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ho, Peter & Zevenbergen, Jaap & Tan, Rong, 2024. "The Credibility Thesis, a decade onwards: A review of the theoretical field, findings and future," Land Use Policy, Elsevier, vol. 146(C).
    2. Vatn, Arild, 2023. "The credibility thesis – A commentary from an original institutionalist position," Land Use Policy, Elsevier, vol. 131(C).
    3. Goyal, Yugank & Choudhury, Pranab Ranjan & Ghosh, Ranjan Kumar, 2022. "Informal land leasing in rural India persists because it is credible," Land Use Policy, Elsevier, vol. 120(C).
    4. Torsten Heinrich & Henning Schwardt, 2013. "Institutional Inertia and Institutional Change in an Expanding Normal-Form Game," Games, MDPI, vol. 4(3), pages 1-28, August.
    5. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.
    6. Angela Ambrosino & Magda Fontana & Anna Azzurra Gigante, 2018. "Shifting Boundaries In Economics: The Institutional Cognitive Strand And The Future Of Institutional Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 32(3), pages 767-791, July.
    7. Anastassios D. Karayiannis & Allan E. Young, 2003. "Entrepreneurial Activities in a Veblenian Type Transition Economy," The American Economist, Sage Publications, vol. 47(2), pages 40-51, October.
    8. Zdravka Todorova, 2013. "Connecting social provisioning and functional finance in a post-Keynesian–Institutional analysis of the public sector," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 61-75.
    9. Davanzati, Guglielmo Forges, 2018. "Structural change driven by institutions: Thorstein veblen revised," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 105-110.
    10. Zweynert, Joachim, 2005. "Economic Ideas and Institutional Change: Evidence from Soviet Economic Discourse 1987-1991," Discussion Paper Series 26276, Hamburg Institute of International Economics.
    11. Akimowicz, Mikaël & Del Corso, Jean-Pierre & Gallai, Nicola & Képhaliacos, Charilaos, 2022. "The leader, the keeper, and the follower? A legitimacy perspective on the governance of varietal innovation systems for climate changes adaptation. The case of sunflower hybrids in France," Agricultural Systems, Elsevier, vol. 203(C).
    12. Ambrosino, Angela & Fontana, Magda & Gigante, Anna Azzurra, 2015. "Shifting Boundaries in Economics: the Institutional Cognitive Strand," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201544, University of Turin.
    13. Dudley Dillard, 1987. "The Evolutionary Economics of a Monetary Economy," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(2), pages 575-585, June.
    14. Jairo J. Parada, 2003. "Economía Institucional Original y Nueva Economía Institucional: semejanzas y diferencias," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 5(8), pages 92-116, January-J.
    15. Chen, Huirong, 2022. "Linking institutional function with form: Distributional dynamics, disequilibrium, and rural land shareholding in China," Land Use Policy, Elsevier, vol. 120(C).
    16. Charles J. Whalen (ed.), 2011. "Financial Instability and Economic Security after the Great Recession," Books, Edward Elgar Publishing, number 14489.
    17. Charles J. Whalen, 2011. "The future of Post-Keynesian Institutionalism," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 10, pages 205-210, Edward Elgar Publishing.
    18. Dudley Dillard, 1987. "Money as an Institution of Capitalism," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(4), pages 1623-1647, September.
    19. Lambert, Thomas, 2023. "The Economic Surplus, the Baran Ratio, and Long Wave Cycles," MPRA Paper 117537, University Library of Munich, Germany.
    20. Erwin Dekker, 2015. "Two approaches to study the value of art and culture, and the emergence of a third," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(4), pages 309-326, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:lauspo:v:121:y:2022:i:c:s0264837722003271. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joice Jiang (email available below). General contact details of provider: https://www.journals.elsevier.com/land-use-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.