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New institutional economics and history

Author

Listed:
  • Jérôme Maucourant

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

"It is commonly believed that New Institutional Economics, particularly the theoretical innovations of Douglass North over the past 20 years and more, has lent scientific legitimacy to economic history. Yet, North is a prisoner of a very peculiar conception of historical development which is no more scientific than rival theories. Two particular aspects of his work underline this point. First, his presentation of class struggles and institutions as contractual relations, understood in economic terms, is highly questionable. Second, it remains to be seen whether or not his recent acceptance of the relevance of ideology is convincing: his account of Soviet stagnation and the crises of Muslim societies leads him into an idealist or culturalist deadlock. "

Suggested Citation

  • Jérôme Maucourant, 2012. "New institutional economics and history," Post-Print halshs-00681801, HAL.
    • Handle: RePEc:hal:journl:halshs-00681801
    DOI: 10.2753/JEI0021-3624460108
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    Cited by:

    1. Jérôme Maucourant, 2012. "Nouvelle économie institutionnelle ou socioéconomie des institutions ?," Post-Print halshs-00804622, HAL.
    2. Cesaratto, Sergio, 2023. "Surplus Approach and Institutions: Where Sraffa Meets Polanyi," Centro Sraffa Working Papers CSWP61, Centro di Ricerche e Documentazione "Piero Sraffa", revised 02 May 2023.

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