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Institutional Change: Old and New Institutionalism

In: Institutions, Human Development and Economic Growth in Transition Economies

Author

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  • Pasquale Tridico

    (University Roma Tre)

Abstract

This chapter puts forward a brief review of old and new institutionalism. This is functional to the next chapter, where I will use these concepts to build my model of institutional change in transition economies. Moreover, this chapter also analyses the main definitions and classifications of institutions. Broadly speaking, institutions may be defined as a set of rules, social norms and prescribed patterns of correlated behaviour which affect social interaction and therefore structure economic organisation (Foster, 1981; Knight, 1992; Nugent and Lin, 1995; Hodgson, 2006).

Suggested Citation

  • Pasquale Tridico, 2011. "Institutional Change: Old and New Institutionalism," Studies in Economic Transition, in: Institutions, Human Development and Economic Growth in Transition Economies, chapter 3, pages 117-135, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-31388-0_4
    DOI: 10.1057/9780230313880_4
    as

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