scholarly journals Governance: The Concept and Its Dimensions

2018 ◽  
Vol 64 (1) ◽  
pp. 1-14 ◽  
Author(s):  
Arvind K. Sharma
Keyword(s):  
Public Administration ◽  
Present Article ◽  
Subject Matter ◽  
Institutional Economics ◽  
New Institutional Economics ◽  
Neoclassical Economics ◽  
The Third

Governance, as the term came to be used since the 1980s and the 1990s under the influence of the neo-liberals, is about a minimalist state. It seeks a state rollback on the ground that state is inherently inefficient when compared with the markets. Apart from this, since then other versions have developed, which led one commentator to say that so numerous are the definitions of governance that it has become analytically an intractable construct. This article presents its subject matter in three sections. The first section focuses on the semantics; it underlines the need to distinguish between the conventional and the neo-liberal usages of the term governance. The second section, which forms the bulk of the present article, discusses the five strands that collectively form the complex whole we call governance. The third and the concluding section contrasts the positivism of the neoclassical economics and new institutional economics, from which the neo-liberal governance paradigm is shaped, with the normative orientation of the classical school of administrative thoughts that dominated the discipline of public administration during the first fifty years (the 1887–1937 period).

Governing the Environment: the Intitutional Economics Approach

2009 ◽  
pp. 61-86
Author(s):  
Arild Vatn
Keyword(s):  
Transaction Costs ◽  
Environmental Governance ◽  
Institutional Economics ◽  
Specific Area ◽  
New Institutional Economics ◽  
Neoclassical Economics ◽  
Institutional Perspective ◽  
Institutional Structures ◽  
Plural Rationalities ◽  
Jel Classifications

- Analyzing environmental governance implies foremost to analyze institutional structures and their implications. In doing so, the present paper utilizes insights primarily from the tradition of classical institutional economics. The paper is divided in three. In the first part I describe the main features of the classical position and compare it briefly with that of neoclassical economics and the tradition of new institutional economics. In the second part I clarify what is considered the main aspects of governance as seen from an institutional perspective. In part three I move to the more specific area of environmental governance. The concept of resource regimes is defined. Moreover I analyze how different regimes influence which environmental problems appear and how they can be treated. I discuss how institutions influence the formation and articulation of knowledge and values, how they form and protect interests, how they influence the level of transaction costs and hence the possibilities for coordination, and finally how they form the motivations underlying human choices in concrete contexts. Given that all these variables are shown to be endogenous to the institutional system, the use of comparative analysis in the assessment of various governance options is emphasized.Keywords: classical institutional economics, interdependence, resource regimes, value articulation, interest protection, transaction costs, plural rationalities.JEL classifications: B52; Q50; D02; D70.

Transformation of the State and Political Economy of the Governance

2020 ◽  
pp. 239-257
Author(s):  
Emek Yıldırım
Keyword(s):  
Political Economy ◽  
Public Administration ◽  
Institutional Economics ◽  
New Institutional Economics ◽  
The State ◽  
State Model ◽  
Functional Changes ◽  
The Public ◽  
Role Of The State

By the 1980s and 1990s, neoliberal policies such as privatizations and deregulations transforming the minimal state model to regulative state model from the Keynesian social welfare state system made some structural and functional changes in the state mechanism, and the public administration has been in the first place due to the changing relationship between the state and the market. In fact, within this context, the new institutional economics (NIE) had a remarkable influence upon the debates upon the altering role of the state. Hence, the transformation of the state in this regard also revealed the argumentations on the governance paradigm along with the doctrinaire contributions of the new institutional economics. Therefore, this chapter will discuss the transformation of the state and the political economy of the governance together with a critical assessment of the new institutional economics in the public administration.

The future of new institutional economics: from early intuitions to a new paradigm?

2014 ◽  
Vol 10 (4) ◽  
pp. 541-565 ◽  
Author(s):  
CLAUDE MÉNARD ◽  
MARY M. SHIRLEY
Keyword(s):  
Institutional Economics ◽  
New Institutional Economics ◽  
Neoclassical Economics ◽  
New Paradigm ◽  
Success Story ◽  
Policy Debates ◽  
The Future ◽  
Nobel Laureates ◽  
Analytical Tools

Abstract:The trajectory of institutional economics changed in the 1970s when new institutional economics (NIE) began to take shape around some relative vague intuitions which eventually developed into powerful conceptual and analytical tools. The emergence of NIE is a success story by many measures: four Nobel laureates in less than 20 years, increasing penetration of mainstream journals, and significant impacts on major policy debates. This rapid acceptance is remarkable when we consider that it was divided from birth into distinct schools of thought. What will be the future of NIE? Will it be quietly absorbed by mainstream theory, or will it radically transform neoclassical economics into a new paradigm that includes institutions? To address these questions, we follow the sometimes-bumpy road to NIE's current successes and ponder the challenges that lie ahead.

Blood, Sweat, and Tears: The Rise and Decline of the East German Economy, 1949–1988 / Blut, Schweiß, Tränen: Aufstieg und Niedergang der ostdeutschen Wirtschaft, 1949–1988

2000 ◽  
Vol 220 (4) ◽  
Author(s):  
Ulrich Blum ◽  
Leonard Dudley
Keyword(s):  
Information System ◽  
Life Cycle ◽  
Institutional Economics ◽  
Foreign Capital ◽  
German Economy ◽  
Economic Structure ◽  
New Institutional Economics ◽  
Neoclassical Economics ◽  
Economic Decline ◽  
East German

SummaryThe rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However; the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional economics. Three distinct periods may be identified. During the “blood” period of forced development and autocratic rule, the information system and the system of property rights were roughly compatible with the economic structure. Then, in the “sweat” period, an attempt to overtake the capitalistic societies failed. Finally, in the “tears” period, economic decline could only be disguised by unsustainable inflows of foreign capital. This institutional explanation of the East-German collapse is tested with data for the period 1949-1988 and cannot be rejected.

scholarly journals Comparative institutional law and economics: reclaiming economics for socio-legal research

2019 ◽  
Vol 26 (3) ◽  
pp. 372-393
Author(s):  
Lyubomira Gramcheva
Keyword(s):  
Institutional Economics ◽  
Law And Economics ◽  
Comparative Law ◽  
Chicago School ◽  
New Institutional Economics ◽  
Neoclassical Economics ◽  
Legal Research ◽  
Legal Scholarship

Law and economics is a controversial method of legal research, increasingly popular among some legal scholars but disliked by many others. The author discusses some of the objections raised by lawyers (as well as some economists) and argues that most of these are caused by the employment of the wrong economics on the respective side of the conjoined field. She contrasts neoclassical economics, made extremely popular by the Chicago school and Professor Richard Posner in particular, with New Institutional Economics and argues that the latter can overcome the difficulties presented by the former. While neoclassical economics seems to introduce additional problems to legal scholarship, New Institutional Economics neatly matches law’s own methodological tenets. However, the analysis will remain incomplete unless a third element is added to the mix: comparative law. Thus, the author calls for the development of Comparative Institutional Law and Economics, which provides an improved explanatory methodology.

scholarly journals Kwestia Rzezi Wołyńskiej w kontekście kryzysu ukraińskiego — między rosyjską propagandą, ukraińskim poszukiwaniem tożsamości narodowej a polską racją stanu

2016 ◽  
Vol 2 ◽  
pp. 83-100
Author(s):  
Jakub Bornio
Keyword(s):  
National Identity ◽  
Present Article ◽  
Russian Federation ◽  
Subject Matter ◽  
The Third ◽  
The Subject ◽  
The Russian Federation ◽  
Specific Activities ◽  
Raison D’État ◽  
Ukrainian Crisis

Niniejszy artykuł traktuje o Rzezi Wołyńskiej analizowanej w kontekście kryzysu ukraińskiego. Badanie skupia się na interpretacji instrumentalnego wykorzystywania przez Rosję, Ukrainę i Polskę zagadnień związanych z eksterminacją polskiej ludności cywilnej przez ukraińskich nacjonalistów. Opracowanie podzielone zostało na trzy części. Pierwsza odnosi się do polityki propagandowej Federacji Rosyjskiej. Ta część pokazuje w jaki sposób Kreml używa kwestii związanych z Rzezią Wołyńską do tworzenia korzystnej dla siebie narracji. Druga część poświęcona jest próbom budowy ukraińskiej tożsamości narodowej na dziedzictwie ukraińskiego nacjonalizmu. Autor analizuje w niej także konkretne działania elit ukraińskich, związane z tematem artykułu. Trzeci fragment natomiast analizuje sprawę Rzezi Wołyńskiej w oparciu o polską raison d’État. W tej części autor przedstawia nie tylko polskie spojrzenie na Rzeź Wołyńską w kontekście kryzysu ukraińskiego, lecz także odnosi ją do geopolitycznego znaczenia Ukrainy dla Polski. Poszczególne wątki są ze sobą połączone i stanowią spójną całość.The issue of the Volhynian Slaughter in the context of Ukrainian crisis — between Russian propaganda, Ukrainian seeking for the national identity and Polish raison d’ÉtatThe present article is devoted to the Volhynian Slaughter in the context of Ukrainian crisis. Research focuses on interpretation of intentional using by Russia, Ukraine, Poland of issues related to the extermination of Polish civilians carried out by Ukrainian nationalists. The article is divided into three parts. The first part refers to the propaganda policy of the Russian Federation. In this part author presents how the Kremlin uses issues related to the Volhynian Slaughter to create narrative favorable for itself. The second part is devoted to the process of building of Ukrainian national identity on the legacy of Ukrainian nationalism. In this part the author analyses also specific activities of Ukrainian authorities, which are linked to the subject matter of the article. The third part includes analysis of the Volhynian Slaughter in the context of Ukrainian crisis through the prism of Polish raison d’État. This part depicts not only the Polish perception of the Volhynian Slaughter but also explains links between subject matter and the geopolitical significance of Ukraine for Poland. All three parts of research are interconnected and belong together.

Subject Matter and Method of Interpretative Institutional Economics

2007 ◽  
pp. 49-67 ◽  
Author(s):  
V. Yefimov
Keyword(s):  
Philosophy Of Science ◽  
Subject Matter ◽  
Natural Science ◽  
Institutional Economics ◽  
New Institutional Economics ◽  
Economic Systems ◽  
The Usa ◽  
The Subject ◽  
Interpretative Approach ◽  
Simple Systems

On the basis of contemporary results of the philosophy of science the author renews the debate on methods (Methodenstreit). The current dominant conception of "scientific" stems from classical natural science. New Institutional Economics has been trapped in the classical paradigm by imitating not even contemporary natural science but that existing one hundred years before which studied simple systems. Practically-oriented first institutionalists in Germany and in the USA who dealt with complex socio-economic systems properly found out the interpretative approach appropriate for this kind of systems. This approach has recently received an increased development. The author uses these results for renovating the vision of the subject matter and the method of institutional economics.

Neoclassical economics and new institutional economics

2015 ◽  
Vol 33 (5) ◽  
pp. 412-429 ◽  
Author(s):  
Alirat Olayinka Agboola
Keyword(s):  
Real Estate ◽  
Design Methodology ◽  
Institutional Economics ◽  
New Institutional Economics ◽  
Economic Thought ◽  
Neoclassical Economics ◽  
Property Market ◽  
Content Type ◽  
Representative Study ◽  
Philosophical Orientations

Purpose – The purpose of this paper is to examine the provisions of both the neoclassical economics and new institutional economics theses and assesses the implications of their methodologies for property market analysis. Design/methodology/approach – This research is based on secondary literature review and desk-based study. Findings – It is argued that new institutional economics, grounded on firmer foundations of human behaviour, offers an analytical approach to the study of the property market which emphasizes the institutionally contingent nature of real estate exchange, thus placing real estate within its socio-economic context. Originality/value – In-depth examination and juxtaposition of the provisions, assumptions, philosophical orientations and limitations of these main traditions of economic thought towards the achievement of a representative study of the workings of the property market.

From Old Institutional Economics to New Institutional Economics

2020 ◽  
pp. 1-24
Author(s):  
Ilkben Akansel
Keyword(s):  
Institutional Economics ◽  
New Institutional Economics ◽  
Neoclassical Economics ◽  
Left Wing ◽  
Historical Aspect ◽  
Mainstream Economics ◽  
The Us

Since different kinds of economics thoughts have been explored, few have been as peculiar as Old Institutional Economics (OIE) and New Institutional Economics (NIE). It is curious that almost every stream criticizing mainstream economics has a left wing. OIE, not a big fan of this, criticizes neoclassical economics/mainstream economics, given it arose in the US. OIE had no sense to left wing, on the contrary, it created an effect criticizing neoclassical economics in its core. Unlike OIE, NIE has many common points with neoclassical economics. NIE has several new aspects different from neoclassical economics, as it has chosen a completely different path than OIE. In this chapter, authors scrutinize circumstances that led to OIE, and what separated OIE and NIE. A brief, successively historical aspect is also provided.

Sign in / Sign up

Export Citation Format

Share Document