An introduction to the theories of institutional change



Abstract. 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 describes, with an historical perspective, the most important definitions of institution and of institutional change and shows some theories that analyze these critical topics in economics to assess similarities and differences. The future challenge of institutional scholars concludes this study.

Keywords. Institutions, Institutional theory, Deinstitutionalization.

JEL. D02, E02, G20, I20.


Institutions; Institutional Theory; Deinstitutionalization.

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