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Institutions

Bibliographic Data

ID23609404
AuthorsG M Hodgson (0000-0002-5823-3996, University of Hertfordshire, corresponding author)
Year2017
Pages1-5
Publication date2017-12-04
Open AccessYes
TypeCHAPTER
VenueWiley Blackwell Encyclopedia of Social Theory (SOURCE_BOOK)
PublisherWiley (PUBLISHER • GB)
DOI10.1002/9781118430873.est0186
OpenAlexW4244746733
ISBN9781118430873
LanguageEN
References cited29

Discussion of the nature and role of institutions is now ubiquitous in the social sciences. Institutions are widely accepted as important in helping to explain numerous social and economic outcomes. This entry discusses ways of defining institutions and how they relate to human behavior. The definition and analysis of institutions are different tasks, the former being a prerequisite of the latter. A near‐consensus exists that institutions are basically systems of social rules, where rules are understood as involving shared propensities, obligations, and beliefs.

Law and economics · Political science · Public relations · Social institution · Social science · Sociology · Culture, Economy, and Development Studies · Economic Theory and Institutions · Experimental Behavioral Economics Studies

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Highly citedNo

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