Cornelius Castoriadis on institutions: a proposal for a schema of institutional change

Angelos Vouldis

Cambridge Journal of Economics, 2018, vol. 42, issue 5, 1435-1458

Abstract: The paper presents the thought of the political philosopher Cornelius Castoriadis on institutions and argues that his insights contribute significantly to the development of a theory of institutions and institutional change which moves beyond the neoclassical framework. Stylised facts of historical experience such as strong path-dependence and lock-in effects and the diversity of observed institutional forms are explained naturally in his proposed framework. In addition, a schema for institutional change is suggested, which accommodates a number of other strands in the literature as special cases. This schema could be elaborated in various directions and facilitates structuring the further development of an alternative institutional theory.

Keywords: Institutional change; Rationality; Social significations (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/bex078 (application/pdf)
Access to full text is restricted to subscribers.

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:42:y:2018:i:5:p:1435-1458.

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 ().