Deindustrialisation and Business Organisation: An Institutionalist Critique of the Natural Selection Analogy

W B Seal

Cambridge Journal of Economics, 1990, vol. 14, issue 3, 267-75

Abstract: This paper argues that an institutionalist perspective on an economy can enrich the conventional sector or industry based analysis. It draws on the concepts of transaction cost economics, looking at the measurement branch as well as the governance branch. It argues that the natural selection analogy underpinning this approach has been underresearched. The introduction of disequilibrium selection processes and multimarket environments means that the resulting institutional arrangements may possess important defects that may be linked to economywide structural disequilibrium. The organizational perspective opens up the issue of control of production, which is expressed in concerns over "screw-driver" firms. Copyright 1990 by Oxford University Press.

Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:14:y:1990:i:3:p:267-75

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().