Institutions and the economy

Geoffrey Hodgson (geoff@vivarais.co.uk)

Chapter 3 in A Modern Guide to Economic Sociology, 2020, pp 52-69 from Edward Elgar Publishing

Abstract: Spanning several academic disciplines, the study of economic institutions is now prominent in the social sciences. But partly because of this multi-disciplinarity, there are disputes over the definitions and understanding of key terms, as well as the deployment of different methods. This chapter examines some of the most important terms, including institution and rule. It also considers possible explanations of rule-following and of the adequacy of the rational choice approach. Particular types of economic institutions, such as firms, markets, property, money and the state are also discussed. A penultimate section reviews work that has established the importance of institutions in economic development. A final section addresses the future of institutional research.

Keywords: Economics and Finance; Sociology and Social Policy (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781789901306/9781789901306.00007.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:18970_3

Ordering information: This item can be ordered from
http://www.e-elgar.com
sales@e-elgar.co.uk

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla (darrel@e-elgar.co.uk).