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Dualism, Duality and the Complexity of Economic Institutions

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  • Jackson, William A.

Abstract

Dualism - the division of an object of study into separate, paired elements - is widespread in economic and social theorising: key examples are the divisions between agency and structure, the individual and society, mind and body, values and facts, and knowledge and practice. In recent years, dualism has been criticised as exaggerating conceptual divisions and promoting an oversimplified, reductive outlook. A possible alternative to dualism is the notion of duality, whereby the two elements are interdependent and no longer separate or opposed, although they remain conceptually distinct. This paper argues that duality, if handled carefully, can provide a superior framework to dualism for dealing with the complexity of economic and social institutions.

Suggested Citation

  • Jackson, William A., 1999. "Dualism, Duality and the Complexity of Economic Institutions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 26(4), pages 545-558.
    • Handle: RePEc:zbw:espost:262274
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    References listed on IDEAS

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    1. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471, September.
    2. William Dugger, 1990. "The New Institutionalism: New But Not Institutionalist," Journal of Economic Issues, Taylor & Francis Journals, vol. 24(2), pages 423-431, June.
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    Cited by:

    1. William A Jackson, 2024. "Dualities in the Organising of Markets," Discussion Papers 24/02, Department of Economics, University of York.
    2. William A. Jackson, 2013. "The desocialising of economic theory," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 40(9), pages 809-825, July.
    3. William A. Jackson, 2024. "Markets as dualistic, semi-decentralized organizations," Review of Evolutionary Political Economy, Springer, vol. 5(1), pages 153-172, June.
    4. Wen-Dong Lv & Dan Tian & Yuan Wei & Rui-Xue Xi, 2018. "Innovation Resilience: A New Approach for Managing Uncertainties Concerned with Sustainable Innovation," Sustainability, MDPI, vol. 10(10), pages 1-25, October.

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    More about this item

    Keywords

    dualism; duality; complexity; institutions; economic theory;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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