Institutional Response

Graeme Snooks

Chapter 16 in Global Transition, 1999, pp 280-298 from Palgrave Macmillan

Abstract: Abstract Institutions have no secure place within the canon of orthodox economics. Mainstream neoclassical economists ignore them, and unorthodox economists explain them with the help of disciplines from beyond the boundaries of the social sciences. It is hardly surprising, therefore, that institutional change has never been explained convincingly by the economics profession. While this may not concern those who live in the virtual world of abstract theory, it is frustrating for those development economists concerned with real-world problems.

Keywords: Institutional Change; Institutional Economic; Relative Prex; Neoclassical Economic; Dynamic Strategy (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98479-6_16

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DOI: 10.1057/9780333984796_16

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