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Political Entrepreneurship and Institutional Change: an Evolutionary Approach

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  • Hederer, Christian

Abstract

The paper is a contribution to the theory of institutional change. Using a process-based, evolutionary framework, a comparative analysis of economic and political entrepreneurship is provided and implications are derived for the role of political entrepreneurship, and the element of agency in general, for the evolution of formal institutions and institutional innovation.

Suggested Citation

  • Hederer, Christian, 2007. "Political Entrepreneurship and Institutional Change: an Evolutionary Approach," MPRA Paper 8249, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8249
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    References listed on IDEAS

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    7. Michael Wohlgemuth, 2000. "Political entrepreneurship and bidding for political monopoly," Journal of Evolutionary Economics, Springer, vol. 10(3), pages 273-295.
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    9. Ulrich Witt, 1999. "Do Entrepreneurs Need Firms? A Contribution to a Missing Chapter in Austrian Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1), pages 99-109, January.
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    11. Schnellenbach, Jan, 2007. "Public entrepreneurship and the economics of reform," Journal of Institutional Economics, Cambridge University Press, vol. 3(2), pages 183-202, August.
    12. Holcombe, Randall G, 2002. "Political Entrepreneurship and the Democratic Allocation of Economic Resources," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 143-159, June.
    13. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
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    17. Anderson, Alistair R. & Miller, Claire J., 2003. ""Class matters": human and social capital in the entrepreneurial process," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(1), pages 17-36, March.
    18. Lopez, Edward J, 2002. "The Legislator as Political Entrepreneur: Investment in Political Capital," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 211-228, June.
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    Cited by:

    1. Philip Catney & John M Henneberry, 2016. "Public entrepreneurship and the politics of regeneration in multi-level governance," Environment and Planning C, , vol. 34(7), pages 1324-1343, November.
    2. Gruševaja, Marina, 2010. "Governmental Learning as a Determinant of Economic Growth," IWH Discussion Papers 23/2010, Halle Institute for Economic Research (IWH).
    3. Didier Nobile & Christophe Schmitt & Julien Husson, 2012. "L'élu-entrepreneur local, un entrepreneur comme les autres ?," Post-Print hal-03000322, HAL.

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    More about this item

    Keywords

    Institutional change; entrepreneurship; market process theory; evolutionary approach;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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