Facilities of Original Institutional Economics in Research of Institutional Changes

Journal of Economic Regulation, Vol. 2, No. 4, 2011

15 Pages Posted: 23 Nov 2012

See all articles by Vyacheslav Volchik

Vyacheslav Volchik

Southern Federal University; Southern Federal University

Date Written: 2011

Abstract

Institutional changes in the economy have been the research subject of many economists, the majority of studies are carried out within neoinstitutionalism. In this paper the author attempts to analyze current institutional changes in terms of the old or traditional institutionalism. The author focuses, on the one hand, on the study of asynchrony transformation of regulation mechanisms, and institutions, on the other hand. As an important factor the collective action of special interest groups are considered in the analysis of institutional changes.

Keywords: institutional changes, collective action, institutional inertia, Veblen’s dichotomy, special interest groups

JEL Classification: B50, B52, D02, O33, B25

Suggested Citation

Volchik, Vyacheslav and Volchik, Vyacheslav, Facilities of Original Institutional Economics in Research of Institutional Changes (2011). Journal of Economic Regulation, Vol. 2, No. 4, 2011, Available at SSRN: https://ssrn.com/abstract=2180025

Vyacheslav Volchik (Contact Author)

Southern Federal University ( email )

105 Bolshaya Sadovaya Str.
Rostov-on-Don, 344006
Russia

Southern Federal University ( email )

105 Bolshaya Sadovaya Str.
Rostov-on-Don, 344006
Russia

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