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Neoinstitutionalism: still no intellectual hegemony?

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Crouch, Colin (2007) Neoinstitutionalism: still no intellectual hegemony? Regulation & Governance, Vol.1 (No.3). pp. 261-270. doi:10.1111/j.1748-5991.2007.00015.x ISSN 1748-5983.

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Official URL: http://dx.doi.org/10.1111/j.1748-5991.2007.00015.x

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Abstract

Despite its greater realism, neoinstitutionalism has not been able to rival neoliberal approaches in the minds of many public-policy communities. This article suggests four reasons why this is the case: the way that neoliberalism appears to be rooted in the strong paradigms of neoclassical economics, the related simple appeal of marketization as a solution to policy problems, the dominance of short-term calculation in financial markets as the apparently most successful form of economic activity, and the role of corporate actors as public-policy insiders. It is argued that an essential solution to the problem is a rapprochement between neoinstitutionalism and neoclassical economics, which is itself not necessarily wedded to neoliberalism.

Item Type: Journal Article
Subjects: K Law [LC]
Divisions: Faculty of Social Sciences > Warwick Business School
Journal or Publication Title: Regulation & Governance
Publisher: Wiley-Blackwell Publishing Asia
ISSN: 1748-5983
Official Date: September 2007
Dates:
DateEvent
September 2007Published
Volume: Vol.1
Number: No.3
Number of Pages: 10
Page Range: pp. 261-270
DOI: 10.1111/j.1748-5991.2007.00015.x
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access

Data sourced from Thomson Reuters' Web of Knowledge

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