How Institutions Evolve

How Institutions Evolve PDF Author: Kathleen Thelen
Publisher: Cambridge University Press
ISBN: 9780521546744
Category : Business & Economics
Languages : en
Pages : 356

Book Description
The institutional arrangements governing skill formation are widely seen as a key element in the institutional constellations defining 'varieties of capitalism' across the developed democracies. This book explores the origins and evolution of such institutions in four countries - Germany, Britain, the United States and Japan. It traces cross-national differences in contemporary training regimes back to the nineteenth century, and specifically to the character of the political settlement achieved among employers in skill-intensive industries, artisans, and early trade unions. The book also tracks evolution and change in training institutions over a century of development, uncovering important continuities through putative 'break points' in history. Crucially, it also provides insights into modes of institutional change that are incremental but cumulatively transformative. The study underscores the limits of the most prominent approaches to institutional change, and identifies the political processes through which the form and functions of institutions can be radically reconfigured over time.

How Institutions Evolve

How Institutions Evolve PDF Author: Kathleen Ann Thelen
Publisher:
ISBN: 9780511302893
Category : Employees
Languages : en
Pages : 333

Book Description

Explaining Institutional Change

Explaining Institutional Change PDF Author: James Mahoney
Publisher: Cambridge University Press
ISBN: 0521118832
Category : Business & Economics
Languages : en
Pages : 253

Book Description
The essays in this book contribute to emerging debates in political science and sociology on institutional change, providing a theoretical framework and empirical applications.

Conceptualizing Capitalism

Conceptualizing Capitalism PDF Author: Geoffrey M. Hodgson
Publisher: University of Chicago Press
ISBN: 022641969X
Category : Business & Economics
Languages : en
Pages : 506

Book Description
Capitalism is the dominant economic framework in modern history, but it s unclear how it really works. Relying on the free movement and spontaneous coordination of seemingly infinitesimal market forces, its very essence is remarkably complex. Geoffrey M. Hodgson offers a more precise conceptual framework, defines the concepts involved, and illustrates that what is most important, and what has been most often overlooked, are institutions and contractsthe law. Chapter by chapter, Hodgson focuses in on how capitalism works at its very core to develop his own definitive theory of capitalism. By employing economic history and comparative analysis toward explanatory and analytical ends, Hodgson shows how capitalism is not an eternal or natural order, but indeed a relatively recent institution. If anyone were qualified to venture such a comprehensive and definitive analysis of such an important economic, legal, and social phenomenon, it is Geoffrey Hodgson. "Conceptualizing Capitalism" will significantly alter and carry forward our understanding of markets and how they work."

Microeconomics

Microeconomics PDF Author: Samuel Bowles
Publisher: Princeton University Press
ISBN: 1400829313
Category : Business & Economics
Languages : en
Pages : 608

Book Description
In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the classical economists' interest in the wealth and poverty of nations and people, the workings of the institutions of capitalist economies, and the coevolution of individual preferences and the structures of markets, firms, and other institutions. Using recent advances in evolutionary game theory, contract theory, behavioral experiments, and the modeling of dynamic processes, he develops a theory of how economic institutions shape individual behavior, and how institutions evolve due to individual actions, technological change, and chance events. Topics addressed include institutional innovation, social preferences, nonmarket social interactions, social capital, equilibrium unemployment, credit constraints, economic power, generalized increasing returns, disequilibrium outcomes, and path dependency. Each chapter is introduced by empirical puzzles or historical episodes illuminated by the modeling that follows, and the book closes with sets of problems to be solved by readers seeking to improve their mathematical modeling skills. Complementing standard mathematical analysis are agent-based computer simulations of complex evolving systems that are available online so that readers can experiment with the models. Bowles concludes with the time-honored challenge of "getting the rules right," providing an evaluation of markets, states, and communities as contrasting and yet sometimes synergistic structures of governance. Must reading for students and scholars not only in economics but across the behavioral sciences, this engagingly written and compelling exposition of the new microeconomics moves the field beyond the conventional models of prices and markets toward a more accurate and policy-relevant portrayal of human social behavior.

Evolutionary Governance Theory

Evolutionary Governance Theory PDF Author: Kristof van Assche
Publisher: Springer Science & Business Media
ISBN: 3319009842
Category : Business & Economics
Languages : en
Pages : 95

Book Description
​This short books offers the reader a remarkable new perspective on the way markets, laws and societies evolve together. It can be of use to anyone interested in development, market and public sector reform, public administration, politics & law. Based on a wide variety of case studies on three continents and a variety of conceptual sources, the authors develop a theory that clarifies the nature and functioning of dependencies that mark governance evolutions. This in turn delineates in an entirely new manner the spaces open for policy experiment. As such, it offers a new mapping of the middle ground between libertarianism and social engineering. Theoretically, the approach draws on a wide array of sources: institutional & development economics, systems theories, post-structuralism, actor- network theories, planning theory and legal studies.

Toward a Comparative Institutional Analysis

Toward a Comparative Institutional Analysis PDF Author: Masahiko Aoki
Publisher: MIT Press
ISBN: 0262550830
Category : Business & Economics
Languages : en
Pages : 481

Book Description
A conceptual and analytical framework for understanding economic institutions and institutional change. Markets are one of the most salient institutions produced by humans, and economists have traditionally analyzed the workings of the market mechanism. Recently, however, economists and others have begun to appreciate the many institution-related events and phenomena that have a significant impact on economic performance. Examples include the demise of the communist states, the emergence of Silicon Valley and e-commerce, the European currency unification, and the East Asian financial crises. In this book Masahiko Aoki uses modern game theory to develop a conceptual and analytical framework for understanding issues related to economic institutions. The wide-ranging discussion considers how institutions evolve, why their overall arrangements are robust and diverse across economies, and why they do or do not change in response to environmental factors such as technological progress, global market integration, and demographic change.

The Evolution of a Nation

The Evolution of a Nation PDF Author: Daniel Berkowitz
Publisher: Princeton University Press
ISBN: 0691136041
Category : Business & Economics
Languages : en
Pages : 248

Book Description
The book also examines the effects of early legal systems.

How International Institutions Evolve

How International Institutions Evolve PDF Author: Anu Bradford
Publisher:
ISBN:
Category :
Languages : en
Pages : 38

Book Description
Economic theory suggests that international institutions cannot simultaneously widen and deepen. There is an inevitable trade-off between the benefits of site and the costs of heterogeneity. Consequently, institutions ought to be either small and deep or, alternatively, large and shallow. Yet in reality, we observe that international institutions embrace new members while concurrently pursuing deeper cooperation. This Article seeks to explain how institutions evolve over time in light of this size/heterogeneity trade-off It examines the strategic responses of members of institutions to heterogeneity costs and identifies two distinct yet related strategies that allow states to pursue gains from cooperation while suppressing heterogeneity costs: states seek to reduce the heterogeneity costs by either overriding the preferences of prospective or incumbent member states (consent tailoring) or, alternatively, by pursuing the strategy of accommodation through institutional adjustment (institutional tailoring). The chosen strategy is determined by the relative bargaining power of the members of the institution. Explaining the likely occurrence and expected sequence of these two strategies paves the way for a descriptive theory of institutional change. At the same time, this analytical framework explains how and why institutions have evolved to be both wider and deeper over time, contrary to the predictions of many economists.
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