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New Institutionalism
Neo institutionalism (also referred to as neo-institutionalist theory or institutionalism) is an approach to the study of institutions that focuses on the constraining and enabling effects of formal and informal rules on the behavior of individuals and groups. New institutionalism traditionally encompasses three major strands: sociological institutionalism, rational choice institutionalism, and historical institutionalism. New institutionalism originated in work by sociologist John Meyer published in 1977. History The study of institutions and their interactions has been a focus of academic research for many years. In the late 19th and early 20th century, social theorists began to systematize this body of literature. One of the most prominent examples of this was the work of German economist and social theorist Max Weber; Weber focused on the organizational structure (i.e. bureaucracy) within society, and the institutionalization created by means of the iron cage which organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sociological Institutionalism
Sociological institutionalism (also referred to as sociological neoinstitutionalism, cultural institutionalism and world society theory) is a form of new institutionalism that concerns "the way in which institutions create meaning for individuals." Its explanations are constructivist in nature. According to Ronald L. Jepperson and John W. Meyer, Sociological institutionalismtreats the “actorhood” of modern individuals and organizations as itself constructed out of cultural materials – and treats contemporary institutional systems as working principally by creating and legitimating agentic actors with appropriate perspectives, motives, and agendas. The scholars who have developed this perspective have been less inclined to emphasize actors’ use of institutions and more inclined to envision institutional forces as producing and using actors. By focusing on the evolving construction and reconstruction of the actors of modern society, institutionalists can better explain the dram ... [...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] |
Oliver Williamson
Oliver Eaton Williamson (September 27, 1932 – May 21, 2020) was an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostrom. His contributions to transaction cost economics and the theory of the firm have been influential in the social sciences, law and economics. Williamson described his work as "a blend of soft social science and abstract economic theory". Life and career Oliver "Olly" Williamson was born in Superior, Wisconsin, on 27 September 1932. He was the son of Sara Lucille (Dunn) and Scott Williamson, both of whom were high school teachers. As a child, Williamson attended Central High School in Superior. Williamson's dual enrollment between Ripon College and MIT earned him his bachelor's degree in management from the MIT Sloan School of Management in 1955. During his time in his undergraduate academic career, his studies in engineering sparked h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elinor Ostrom
Elinor Claire "Lin" Ostrom (née Awan; August 7, 1933 – June 12, 2012) was an American Political science, political scientist and Political economy, political economist whose work was associated with New institutional economics, New Institutional Economics and the resurgence of political economy. In 2009, she was awarded the Nobel Memorial Prize in Economic Sciences for her "analysis of economic governance, especially the commons", which she shared with Oliver E. Williamson; she was List of Nobel Memorial Prize laureates in Economics, the first woman to win the prize. Trained in political science at UCLA, Ostrom was a faculty member at Indiana University Bloomington for 47 years. Beginning in the 1960s, Ostrom was involved in resource management policy and created a research center, the Bloomington school, Workshop in Political Theory and Policy Analysis, which attracted scientists from different disciplines from around the world. Working and teaching at her center was created o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Coase
Ronald Harry Coase (; 29 December 1910 – 2 September 2013) was a British economist and author. Coase was educated at the London School of Economics, where he was a member of the faculty until 1951. He was the Clifton R. Musser Professor of Economics at the University of Chicago Law School, where he arrived in 1964 and remained for the rest of his life. He received the Nobel Memorial Prize in Economic Sciences in 1991. Coase believed economists should study real-world wealth creation, in the manner of Adam Smith, stating, "It is suicidal for the field to slide into a hard science of choice, ignoring the influences of society, history, culture, and politics on the working of the economy." He believed economic study should reduce emphasis on Price Theory or theoretical markets and instead focus on real markets. He established the case for the corporation as a means to pay the costs of operating a marketplace. Coase is best known for two articles: "The Nature of the Firm" (1937), ... [...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] |
Claude Ménard (economist)
Claude Ménard (; born 1944) is a Canadian economist and professor at the University of Paris I: Panthéon-Sorbonne. Ménard is also the creator and former director of the Centre d'analyse théorique des organisations et des marchés (ATOM), which merged with the Centre d'Economie de la Sorbonne in 2009, as well as a co-founder of the Society for Institutional & Organizational Economics (formally the International Society for New Institutional Economics). His research focuses on institutional and organizational economics. Youth and Education Claude Ménard was born in Valleyfield, Quebec and grew up in Canada. He studied at the University of Montréal, where he obtained a B.A. in 1963, a M.A. in 1966, and a doctoral program diploma in the history of sciences in 1970. Thereafter, he moved to France, where he pursued his studies at the University of Paris I: Panthéon-Sorbonne and obtained Ph.D.s in both the history of sciences and economics with the distinction "magna cum laud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yoram Barzel
Yoram Barzel (; December 9, 1931 – December 22, 2022) was an American-Israeli economist and a professor in the Department of Economics at the University of Washington. He was interested in property rights, applied price theory, and political economy. Education Barzel graduated with a B.A. (1953) and M.A. (1956) in economics from Hebrew University of Jerusalem. He completed his Ph.D. in economics from the University of Chicago in 1961. He specialized in price theory and economic organization. Research Barzel is known for developing a property rights/transaction cost approach to economics and he has written on topics ranging from car racing to slavery, to Jewish lending to voting rules in condominium associations. Among his many ideas are those about racing to claim assets, multitasking, rationing by waiting, divided ownership of complex assets, measurement costs, and the economic origins of democracy. In the process Barzel's work unearthed the economic rationale for many ... [...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] |
Steven N
Stephen or Steven is an English first name. It is particularly significant to Christians, as it belonged to Saint Stephen ( ), an early disciple and deacon who, according to the Book of Acts, was stoned to death; he is widely regarded as the first martyr (or " protomartyr") of the Christian Church. The name, in both the forms Stephen and Steven, is often shortened to Steve or Stevie. In English, the female version of the name is Stephanie. Many surnames are derived from the first name, including Stephens, Stevens, Stephenson, and Stevenson, all of which mean "Stephen's (son)". In modern times the name has sometimes been given with intentionally non-standard spelling, such as Stevan or Stevon. A common variant of the name used in English is Stephan ( ); related names that have found some currency or significance in English include Stefan (pronounced or in English), Esteban (often pronounced ), and the Shakespearean Stephano ( ). Origins The name "Stephen" (and its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harold Demsetz
Harold Demsetz (; May 31, 1930 – January 4, 2019) was an American professor of economics at the University of California at Los Angeles (UCLA). Career Demsetz grew up on the West Side of Chicago, the grandchild of Jewish immigrants from central and eastern Europe. He studied engineering, forestry, and philosophy at four universities before being awarded a B.A. (1953) in economics from the University of Illinois, and an MBA (1954) and a Ph.D. (1959) from Northwestern University. While a graduate student, he published an article each in ''Econometrica'' and the '' Journal of Political Economy''. Demsetz taught at the University of Michigan (1958–60), UCLA, 1960–63, and the Graduate School of Business at the University of Chicago, 1963–71. In 1971, he returned permanently to UCLA's Economics Department, which he chaired 1978–80. He held the Arthur Andersen UCLA Alumni Chair in Business Economics, 1986–95. He has been affiliated with the Center for Naval Analyses and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armen Alchian
Armen Albert Alchian (; April 12, 1914February 19, 2013) was an American economist who made major contributions to microeconomic theory and the theory of the firm. He spent almost his entire career at the University of California, Los Angeles (UCLA), and is credited with turning its economics department into one of the country's best. He is also known as one of the founders of new institutional economics, and widely acknowledged for his work on property rights. Early life and education Armen Albert Alchian was born on April 12, 1914, in Fresno, California, to Armenian-American parents. His father, Alexander H. Alchian (1884–1979), was born in Erzurum, Ottoman Empire and emigrated to the U.S. in 1901, while his mother Lily Normart (1889–1976) was born to Armenian immigrant parents in Fresno. Her parents were among the first Armenians to settle in the San Joaquin Valley and she was the first Armenian born in Fresno. His parents married in 1909, and Armen had a younger brother, R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
