Endogenous Institutional Change and Dynamic Capitalism

Endogenous Institutional Change and Dynamic Capitalism

Endogenous Institutional Change and Capitalism in China

Institutional change in varieties of capitalism

Contemporary approaches to varieties to capitalism are often criticized for neglecting issues of institutional change. This paper develops a perspective on institutional change designed to be applicable to the equilibrium analyses of such approaches but distinctive relative to competing understandings of institutions. It begins by outlining an approach to institutional stability, which suggests...

Endogenous dynamics of institutional change

A parsimonious set of mechanisms explains how and under which conditions behavioral deviations build into cascades that reshape institutional frameworks from the bottom up, even if institutional innovations initially conflict with the legally codified rules of the game. Specifically, we argue that this type of endogenous institutional change emerges from an interplay between three factors: the ...

The long-term trajectories of institutional change in European capitalism

The article provides a theoretical overview and empirical summary of the contributions to this collection. The collection makes four contributions to the literature on comparative capitalism. First, its analysis of institutional change adopts a long-term historical perspective that allows us to observe the potentially transformative effects of relatively slow and incremental changes. Second, it...