Institutional Change: Old and New Institutionalism

Pasquale Tridico

Chapter 3 in Institutions, Human Development and Economic Growth in Transition Economies, 2011, pp 117-135 from Palgrave Macmillan

Abstract: Abstract This chapter puts forward a brief review of old and new institutionalism. This is functional to the next chapter, where I will use these concepts to build my model of institutional change in transition economies. Moreover, this chapter also analyses the main definitions and classifications of institutions. Broadly speaking, institutions may be defined as a set of rules, social norms and prescribed patterns of correlated behaviour which affect social interaction and therefore structure economic organisation (Foster, 1981; Knight, 1992; Nugent and Lin, 1995; Hodgson, 2006).

Keywords: Transaction Cost; Collective Action; Institutional Change; Transition Economy; Economic Agent (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-31388-0_4

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DOI: 10.1057/9780230313880_4

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