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Institutions
An institution is a humanly devised structure of rules and norms that shape and constrain social behavior. All definitions of institutions generally entail that there is a level of persistence and continuity. Laws, rules, social conventions and norms are all examples of institutions. Institutions vary in their level of formality and informality. Institutions are a principal object of study in social sciences such as political science, anthropology, economics, and sociology (the latter described by Émile Durkheim as the "science of institutions, their genesis and their functioning"). Primary or meta-institutions are institutions such as the family or money that are broad enough to encompass sets of related institutions. Institutions are also a central concern for law, the formal mechanism for political rule-making and enforcement. Historians study and document the founding, growth, decay and development of institutions as part of political, economic and cultural history. Def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rational Choice Institutionalism
Rational choice institutionalism (RCI) is a theoretical approach to the study of institutions arguing that actors use institutions to maximize their utility, and that institutions affect rational individual behavior. Rational choice institutionalism arose initially from the study of congressional behaviour in the U.S. in the late 1970s. Influential early RCI scholarship was done by political economists at California Institute of Technology, University of Rochester, and Washington University. It employs analytical tools borrowed from neo-classical economics to explain how institutions are created, the behaviour of political actors within it, and the outcome of strategic interaction. RCI explains the creation of institutions as an attempt to reduce transaction costs of collective activity which would be significantly higher without such institutions. Institutions persist after their creation because they reduce uncertainty and allow gains from exchange. Rational choice institutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Douglass North
Douglass Cecil North (November 5, 1920 – November 23, 2015) was an American economist known for his work in economic history. Along with Robert Fogel, he received the Nobel Memorial Prize in Economic Sciences in 1993. In the words of the Nobel Committee, North and Fogel "renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change." North was an influential figure in New Institutional Economics, which emphasizes the impact of institutions on economic behaviors and outcomes. North argued, "Institutions provide the incentive structure of an economy; as that structure evolves, it shapes the direction of economic change towards growth, stagnation, or decline." Rational and wealth-maximizing individuals lack complete information and have difficulties monitoring and enforcing agreements. Institutions can provide information and reduce transaction costs, thus encouraging economic activity. Biography Dou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avner Greif
Avner Greif (; born 1955) is an economics professor at Stanford University, Stanford, California. He holds a chaired professorship as Bowman Family Professor in the Humanities and Sciences. Greif received his PhD in economics at Northwestern University, where Joel Mokyr acted as his supervisor, in 1989 and started his career at Stanford University in 1989 until he received tenure in 1994. In 1998 he received a 'genius grant' from the MacArthur Foundation. His works deal with economic history and role of institutions in economic development, including analysis of trade in medieval Europe and Levant. Work Greif specializes in the study of the social institutions that support economic development, and their history, incorporating game theory Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. Initially, game theory add ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geoffrey Hodgson
Geoffrey Martin Hodgson (born 28 July 1946, Watford) is Emeritus Professor in Management at the London campus of Loughborough University, and also an editor of the ''Journal of Institutional Economics.'' Hodgson is recognised as one of the leading figures of modern critical institutionalism which carries forth the critical spirit and intellectual tradition of the founders of institutional economics, particularly that of Thorstein Veblen. His broad research interests span from evolutionary economics and history of economic thought to Marxism and theoretical biology Biology is the scientific study of life and living organisms. It is a broad natural science that encompasses a wide range of fields and unifying principles that explain the structure, function, growth, History of life, origin, evolution, and .... He first became known for his book ''Economics and Institutions: A Manifesto for a Modern Institutional Economics'' (1988), which criticises modern Mainstream ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Keohane
Robert Owen Keohane (born October 3, 1941) is an American political scientist working in the fields of international relations and international political economy. Following the publication of his influential book '' After Hegemony'' (1984), he has become widely associated with the theory of neoliberal institutionalism in international relations, as well as transnational relations and world politics in international relations in the 1970s. He is Professor Emeritus of International Affairs at the Princeton School of Public and International Affairs, and has also taught at Swarthmore College, Duke University, Harvard University and Stanford University. A 2011 survey of International Relations scholars placed Keohane second in terms of influence and quality of scholarship in the last twenty years. According to the Open Syllabus Project, Keohane is the most frequently cited author on college syllabi for political science courses. Early life and education Keohane was born at th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steven Levitsky
Steven Robert Levitsky (born January 17, 1968) is an American political scientist and professor of government at Harvard University and a senior fellow for democracy at the Council on Foreign Relations. He is also a senior fellow at the Kettering Foundation, an American non-partisan research foundation. A comparative political scientist, his research interests focus on Latin America and include political parties and party systems, authoritarianism and democratization, and weak and informal institutions. He is notable for his work on competitive authoritarian regimes and informal political institutions.Balakrishna, Aditi (December 12, 2007).Popular Levitsky Awarded Tenure. ''Harvard Crimson''. Retrieved 2022-03-31. An expert on Latin America, Levitsky co-authored the best seller '' How Democracies Die'' with Daniel Ziblatt (an expert on authoritarianism in interwar Europe), warning that Donald Trump and the Republican Party were engaging in rhetoric and actions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daron Acemoglu
Kamer Daron Acemoğlu (;, ; born September 3, 1967) is a Turkish Americans, Turkish-American economist of Armenians in Turkey, Armenian descent who has taught at the Massachusetts Institute of Technology since 1993, where he is currently the James Rhyne Killian, Elizabeth and James Killian Professor of Economics, and was named an List of Institute Professors at the Massachusetts Institute of Technology, Institute Professor at MIT in 2019. He received the John Bates Clark Medal in 2005, and the Nobel Memorial Prize in Economic Sciences, Nobel Prize in Economics in 2024. Acemoglu ranked third, behind Paul Krugman and Greg Mankiw, in the list of "Favorite Living Economists Under Age 60" in a 2011 survey among American economists. In 2015, he was named the most cited economist of the past 10 years per Research Papers in Economics (RePEc) data. According to the Open Syllabus Project, Acemoglu is the third most frequently cited author on college syllabus, syllabi for economics courses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organization
An organization or organisation (English in the Commonwealth of Nations, Commonwealth English; American and British English spelling differences#-ise, -ize (-isation, -ization), see spelling differences) is an legal entity, entity—such as a company, or corporation or an institution (formal organization), or an Voluntary association, association—comprising one or more person, people and having a particular purpose. Organizations may also operate secretly or illegally in the case of secret society , secret societies, criminal organizations, and resistance movements. And in some cases may have obstacles from other organizations (e.g.: Southern Christian Leadership Conference, MLK's organization). What makes an organization recognized by the government is either filling out Incorporation (business), incorporation or recognition in the form of either societal pressure (e.g.: Advocacy group), causing concerns (e.g.: Resistance movement) or being considered the spokesperson o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kathleen Thelen
Kathleen Thelen is an American political scientist specializing in comparative politics. She is the Ford Professor of Political Science at the Massachusetts Institute of Technology (MIT), a permanent external member of the Max Planck Institute for the Study of Societies (MPIfG), and a faculty associate at the Center for European Studies (CES) at Harvard University. She is known for her research on political-economic institutions, as well as her frameworks for understanding institutional stability and change. She is influential in the field of historical institutionalism. Education She received her B.A. from the University of Kansas. During her time at the University of Kansas, she spent a year studying abroad in Munich, Germany; her experience in Germany led her to switch her major from English to Political Science. She was awarded an M.A. and Ph.D. from the University of California, Berkeley. During her time at U.C. Berkeley, she was influenced by faculty members John Zsyman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jack Knight (political Scientist)
Jack Knight (born July 13, 1952) is a political scientist and political and legal theorist. His scholarly work focuses on modern social and political theory, law and legal theory, and political economy. He is currently a professor of law, politics, philosophy and economics at Duke University School of Law and at the Duke's Trinity College of Arts and Sciences. He is the author of several books such as ''Institutions and Social Conflict'' (Cambridge University Press, 1992), ''Explaining Social Institutions'' (The University of Michigan Press, 1995), and ''The Choices Justices Make'' (Congressional Quarterly Press, 1997), with which he won the American Political Science Association C. Herman Prichett Award. He has also written many journal articles and edited volumes about democratic theory, rules of law, judicial decision-making, and theories of institutional emergence and change. He has collaborated as a professor and researcher in universities at Washington, Chicago, Michigan, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic System
An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within an economy. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept. All economic systems must confront and solve the four fundamental economic problems: * What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory of pricing. The theory of pricing, in this context, has to do with the economic decision-making between the production of capital goods and consumer goods in the economy in the face of scarce resources. In this regard, the critical evaluation of the needs of the society based on population distribution in terms of age, sex, occupation, and geography is very ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
