The New Institutionalism Contradictory Notions of Change

Posted: 6 Jul 2000

See all articles by Anil Hira

Anil Hira

Simon Fraser University (SFU) - Center for Latin American Studies; Government of the United States of America - International Trade Commission

Ron Hira

affiliation not provided to SSRN

Abstract

This article suggests that the new institutionalism contains ambiguous and contradictory notions of change. By setting up a model that explains institutional constraints on decision makers, the new institutionalism correctly points out the limits of a rational choice framework of economic decision making. However, by failing to explain the sources and avenues of modifications of those constraints, the new institutionalism is unable to provide a satisfactory explanation of change. Instead, we find a patchwork of exogenous factors, such as technology, culture, and ideology, which feed into institutional change in unclear ways. This paper reaches the conclusion that those factors for change should be examined directly, rather than through the proxy of institutions.

JEL Classification: A11, A14

Suggested Citation

Hira, Anil (Andy) and Hira, Ron, The New Institutionalism Contradictory Notions of Change. The American Journal of Economics and Sociology, Vol. 59, Issue 2. Available at SSRN: https://ssrn.com/abstract=231972

Anil (Andy) Hira

Simon Fraser University (SFU) - Center for Latin American Studies ( email )

Burnaby, British Columbia V5A 1S6
Canada

Government of the United States of America - International Trade Commission

500 E Street, SW
Washington, DC 20436
United States

Ron Hira (Contact Author)

affiliation not provided to SSRN

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