Beyond the market-institutions dichotomy: The institutionalism of Douglass C. North in response to Karl Polanyi's challenge

Claude Didry and Caroline Vincensini ()
Additional contact information
Caroline Vincensini: IDHE - Institutions et Dynamiques Historiques de l'Economie - ENS Cachan - École normale supérieure - Cachan - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: On the basis of the "challenge" North [1997 (1977)] identified in the works of Polanyi, we propose to outline the originality of North's institutionalism, especially in comparison with "new institutionalism" in economics as well as in sociology. Far from endorsing the dichotomy between market and non market dimensions of economic activities at the basis of the analyses of Williamson and Granovetter, North's definition of institutions as "rules of the game" allows him to conceive of institutions as the institutional foundations of the market and therefore as explanatory principles of historical dynamics.

Keywords: institutions; institutionalism; North; Polanyi; Williamson; Granovetter (search for similar items in EconPapers)
Date: 2011-03-02
New Economics Papers: this item is included in nep-cwa, nep-his, nep-hme, nep-hpe and nep-pke
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00601544v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://shs.hal.science/halshs-00601544v1/document (application/pdf)

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:hal:wpaper:halshs-00601544

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().