Institutions and Change: New Horizons in Economic Theory

Research output: Contribution to Book/Report typesChapterpeer-review

Abstract (may include machine translation)

This chapter is a revised version of a keynote addressing an international gathering of scholars. It was convened to provoke a broad and sincere exchange on new dimensions of state activism as seen through sectoral and country experiences, basically anchored in empirical analyses. What we do in this framework paper is to take a step back and ask if there are new insights that may allow for broader generalizations at the level of economic theory. We attempt to be specific on how institutions matter for economic change. First, we show how institutions may assist change, hinder change or become hollowed and thus become largely irrelevant. Finally, as fourth we try to generalize what follows from all this for broader theory, joining in the renewed discussion on the developmental state paradigm.

Original languageEnglish
Title of host publicationInternational Political Economy Series
PublisherPalgrave Macmillan
Pages13-31
Number of pages19
DOIs
StatePublished - 2021

Publication series

NameInternational Political Economy Series
ISSN (Print)2662-2483
ISSN (Electronic)2662-2491

Keywords

  • Heterodox policy-making
  • Middle income trap
  • Post-crisis era
  • Role of institutions

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