Among the most fundamental questions of institutional economics are: Why do societies
evolve along distinct institutional trajectories? Why do societies often fail to adopt the insti …

Institutional change explains the change of institutions considered as rules and expectations
that govern human interactions and paths of development in society. This conceptual paper …

This paper discusses the three approaches within economic history that utilizes micro-
economic theory to examine institutions, their nature, change, and efficiency: the Neo …

Ifinstitutional economics is truly an" evolutionary" economics, it is because it has the capacity
to explain the phenomenon of institutional change and because it incorporates the …

Analyzing institutions and the part they play in governing economic action has comprised
the central problem addressed by the new institutional economics. This paradigm has made …

In a 1978 article in this journal, Charles K. Wilber and Robert S. Harrison made a significant
contribution to the economic literature by outlining the methodology that had been implicitly …

It is only in the past decade or so that a variety of critical comparative institutional issues
have risen in international and national policy arenas and that economists have started …

If we start from the premise that institutions are socially constructed (Berger and Luckmann
1966) and that economic activity is socially instituted (Polanyi 1957) and a situated process …

Continuing his groundbreaking analysis of economic structures, Douglass North develops
an analytical framework for explaining the ways in which institutions and institutional change …

Evol. Inst. Econ. Rev. 2(1): 7–20 (2005) Page 1 ARTICLE The Nature of Institutional
Economics Tony LAWSON Faculty of Economics, Cambridge University, Sidgwick Avenue …