VARIETIES OF NEW INSTITUTIONALISM: A CRITICAL APPRAISAL

VIVIEN LOWNPES

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Management and Organizational Studies Public Policy and Administration Research Economic Theory and Institutions

Abstract

New institutionalist approaches reflect a common commitment to the significance of institutional arrangements and a common criticism of atomistic accounts of social processes. Beyond these core assumptions, new institutionalism is characterized by a great variety of positions, which are sometimes complementary and sometimes conflicting. The different positions can be captured in six‘vignettes’: the mythic institution, the efficient institution, the stable institution, the manipulated institution, the disaggregated institution, and the appropriate institution. The vignettes differ in the significance they accord to: formal and informal institutional rules; change and stability within institutions; and the role of rational action and norm‐governed behaviour in creating and sustaining institutions. The comparative critical assessment of the vignettes can provide the basis for a multi‐theoretic approach to the study of institutions and institutional change.

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1990Institutions, Institutional Change and Economic Performance 1937The Nature of the Firm 1991The New Institutionalism in Organizational Analysis 1976Educational Organizations as Loosely Coupled Systems 1970Political Order in Changing Societies 1977Keywords: A Vocabulary of Culture and Society 1969Political Order in Changing Societies.2002Economic Action and Social Structure: The Problem of Embeddedness

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