IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/18970_3.html
   My bibliography  Save this book chapter

Institutions and the economy

In: A Modern Guide to Economic Sociology

Author

Listed:
  • Geoffrey M. Hodgson

Abstract

Spanning several academic disciplines, the study of economic institutions is now prominent in the social sciences. But partly because of this multi-disciplinarity, there are disputes over the definitions and understanding of key terms, as well as the deployment of different methods. This chapter examines some of the most important terms, including institution and rule. It also considers possible explanations of rule-following and of the adequacy of the rational choice approach. Particular types of economic institutions, such as firms, markets, property, money and the state are also discussed. A penultimate section reviews work that has established the importance of institutions in economic development. A final section addresses the future of institutional research.

Suggested Citation

  • Geoffrey M. Hodgson, 2020. "Institutions and the economy," Chapters, in: Milan Zafirovski (ed.), A Modern Guide to Economic Sociology, chapter 3, pages 52-69, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18970_3
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781789901306/9781789901306.00007.xml
    Download Restriction: no
    ---><---

    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:elg:eechap:18970_3. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.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.