Facilities of Original Institutional Economics in Research of Institutional Changes

Volchik, Vyacheslav (2011): Facilities of Original Institutional Economics in Research of Institutional Changes. Published in: JOURNAL OF ECONOMIC REGULATION , Vol. 2, No. 4 (2012): pp. 24-38.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: institutional changes; collective action; institutional inertia; Veblen’s dichotomy; special interest groups
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary; D - Microeconomics > D0 - General > D02 - Institutions: Design, Formation, Operations, and Impact; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B25 - Historical ; Institutional ; Evolutionary ; Austrian

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