IDEAS home Printed from https://ideas.repec.org/a/kap/revaec/v27y2014i4p463-472.html
   My bibliography  Save this article

Getting beyond neo-institutionalism: Virgil Storr’s culture of markets

Author

Listed:
  • Deirdre McCloskey

Abstract

Storr is a free trader in ideas, bringing back into economics meaning, long banished by behaviorist dogma. His elegant little book, though, is too kind to neo-institutionalists. The followers of Douglass North, repeating without much thought over and over, “Institutions matter,” mean to say that “Institutions are constraints like budget lines. They are not human conversations.” Since the conversational character of markets is Storr’s main point, he would do better to make common cause with “humanomics,” that is, an economics keeping its mathematics and statistics but entering, too, the human conversation since the Epic of Gilgamesh. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Deirdre McCloskey, 2014. "Getting beyond neo-institutionalism: Virgil Storr’s culture of markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(4), pages 463-472, December.
    • Handle: RePEc:kap:revaec:v:27:y:2014:i:4:p:463-472
    DOI: 10.1007/s11138-014-0286-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11138-014-0286-4
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11138-014-0286-4?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. Greif,Avner, 2006. "Institutions and the Path to the Modern Economy," Cambridge Books, Cambridge University Press, number 9780521480444, October.
    2. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635.
    3. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vincent Geloso, 2015. "Deirdre Mccloskey, Kirznerian Growth and The Role of Social Networks," Economic Affairs, Wiley Blackwell, vol. 35(3), pages 453-463, October.

    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. Masahiko Aoki, 2013. "Institutions as cognitive media between strategic interactions and individual beliefs," Chapters, in: Comparative Institutional Analysis, chapter 17, pages 298-312, Edward Elgar Publishing.
    2. Maseland, Robbert, 2021. "Contingent determinants," Journal of Development Economics, Elsevier, vol. 151(C).
    3. Desierto, Desiree & Koyama, Mark, 2024. "The Political Economy of Status Competition: Sumptuary Laws in Preindustrial Europe," The Journal of Economic History, Cambridge University Press, vol. 84(2), pages 479-516, June.
    4. Gennady Bilych, 2013. "Democratic Changes and Economic Growth," Business and Economic Research, Macrothink Institute, vol. 3(1), pages 461-486, June.
    5. 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.
    6. Lattanzio, Gabriele, 2022. "Beyond religion and culture: The economic consequences of the institutionalization of sharia law," Emerging Markets Review, Elsevier, vol. 52(C).
    7. Alvarez-Diaz, Marcos & Caballero Miguez, Gonzalo, 2008. "The quality of institutions: A genetic programming approach," Economic Modelling, Elsevier, vol. 25(1), pages 161-169, January.
    8. Enrico Spolaore, 2020. "Commanding Nature by Obeying Her: A Review Essay on Joel Mokyr's A Culture of Growth," Journal of Economic Literature, American Economic Association, vol. 58(3), pages 777-792, September.
    9. Platteau, Jean-Philippe, 2008. "Religion, politics, and development: Lessons from the lands of Islam," Journal of Economic Behavior & Organization, Elsevier, vol. 68(2), pages 329-351, November.
    10. Boettke, Peter, 2012. "A behavioral approach to the political and economic inquiry into the nature and causes of the wealth of nations," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(6), pages 753-756.
    11. Fabien Eloire & Claire Lemercier & Veronica Aoki Santarosa, 2016. "What can we learn about the embeddedness of commercial relationships from the study of powers of attorney?," Working Papers hal-01358364, HAL.
    12. Carl Mildenberger, 2013. "The constitutional political economy of virtual worlds," Constitutional Political Economy, Springer, vol. 24(3), pages 239-264, September.
    13. Frolov, Daniil, 2019. "The manifesto of post-institutionalism: institutional complexity research agenda," MPRA Paper 97662, University Library of Munich, Germany.
    14. Langlois, Richard N., 2013. "Business groups and the natural state," Journal of Economic Behavior & Organization, Elsevier, vol. 88(C), pages 14-26.
    15. Ciarli, Tommaso & Savona, Maria, 2019. "Modelling the Evolution of Economic Structure and Climate Change: A Review," Ecological Economics, Elsevier, vol. 158(C), pages 51-64.
    16. Ansellia Adams & John M. Luiz, 2022. "Incomplete Institutional Change and the Persistence of Racial Inequality: The Contestation of Institutional Misalignment in South Africa," Journal of Management Studies, Wiley Blackwell, vol. 59(4), pages 857-885, June.
    17. Fabien Eloire & Claire Lemercier & Veronica Aoki Santarosa, 2016. "What can we learn about the embeddedness of commercial relationships from the study of powers of attorney?," SciencePo Working papers Main hal-01358364, HAL.
    18. Kingston, Christopher, 2008. "Social structure and cultures of corruption," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 90-102, July.
    19. Vyacheslav V. VOLCHIK & Maxim A. KORYTSEV & Elena V. MASLYUKOVA, 2018. "Institutional traps and New Public Management in education and science," Upravlenets, Ural State University of Economics, vol. 9(6), pages 17-29, December.
    20. Bluhm, Richard & Szirmai, Adam, 2012. "Institutions and long-run growth performance: An analytic literature review of the institutional determinants of economic growth," MERIT Working Papers 2012-033, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

    More about this item

    Keywords

    Neo-institutionalism; North; Humanomics; Institutions; Weber hypothesis; A12; O43; Z1;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z1 - Other Special Topics - - Cultural Economics

    Statistics

    Access and download statistics

    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:kap:revaec:v:27:y:2014:i:4:p:463-472. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.