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Facilities of Original Institutional Economics in Research of Institutional Changes

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  • Volchik, Vyacheslav

Abstract

Institutional changes in the economy have been the research subject of many economists, the majority of studies are carried out within neoinstitutionalism. In this paper the author attempts to analyze current institutional changes in terms of the old or traditional institutionalism. The author focuses, on the one hand, on the study of asynchrony transformation of regulation mechanisms, and institutions, on the other hand. As an important factor the collective action of special interest groups are considered in the analysis of institutional changes.

Suggested Citation

  • Volchik, Vyacheslav, 2011. "Facilities of Original Institutional Economics in Research of Institutional Changes," MPRA Paper 42802, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:42802
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    References listed on IDEAS

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    1. Olson, Mancur, Jr, 1995. "The Devolution of the Nordic and Teutonic Economies," American Economic Review, American Economic Association, vol. 85(2), pages 22-27, May.
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    8. Joëlle Forest & Caroline Mehier, 2001. "John R. Commons and Herbert A. Simon on the Concept of Rationality," Journal of Economic Issues, Taylor & Francis Journals, vol. 35(3), pages 591-605, September.
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    Cited by:

    1. Angela Ambrosino & Magda Fontana & Anna Azzurra Gigante, 2018. "Shifting Boundaries In Economics: The Institutional Cognitive Strand And The Future Of Institutional Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 32(3), pages 767-791, July.

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    More about this item

    Keywords

    institutional changes; collective action; institutional inertia; Veblen’s dichotomy; special interest groups;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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