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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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:	Date Event September 2007 Published
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

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