Economics Dictionary of ArgumentsHome
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| Institutions: Institutions are social structures that organize and guide human behavior. They can be formal or informal, and they can be public or private._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Douglas C. North on Institutions - Dictionary of Arguments
Mause I 106ff Institutions/North, Douglas: NorthVsVarieties of Capitalism: the "Varieties of Capitalism" approach neglects the question of the dynamics of institutions. (1)(2) North: "Theory of institutional change": Thesis: Economically inefficient institutions are relatively long-lived. This can be explained by two theoretical arguments: 1. The theory of public choice (see Public Choice/North). 2. By path dependencies, i.e. the dependency of the further development on earlier historical decisions. VsNorth: neither he nor his successors have succeeded in combining his two theoretical explanatory approaches to a closed explanation. 1. D. North, Structure and change in economic history. New York 1981 2. D. North, Institutions, institutional change and economic performance. Cambridge 1990._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
North, Douglas C. Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against North
> Counter arguments in relation to Institutions
