Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-m6dg7 Total loading time: 0 Render date: 2024-11-09T03:34:36.287Z Has data issue: false hasContentIssue false

5 - Toward a neo-institutional approach to economics

Published online by Cambridge University Press:  05 November 2011

Get access

Summary

One of the demands that confronts social scientists is the demand for relevance. For many, this demand is a curse because it robs social scientists of their ability to justify total abstraction. The inevitable question in social science is always: “So what? What difference does this make to the real world?”

It is my belief that there are two methodological responses to this demand. One is a response in which the social scientist makes his work directly applicable to meaningful empirical questions. This is what the layman usually sanctions as “relevant” social scientific research. The other approach, however, and one that I feel is equally relevant, is an approach that aims not to change the real world directly but rather to alter the way we view the real world by changing the prevailing theoretical paradigm existing among scholars. In other words, one approach is to theorize directly about the real world, whereas the other is to theorize about the theory existing to describe the real world (i.e., to be metatheoretical). My aim in this book was closer to the latter approach than to the former. What I have written may not be as directly applicable to the real world as it is to the way we view that world. I have tried to broaden the institutional frame of reference that we use to analyze empirically relevant social phenomena and to open up a new set of questions that could be asked about such phenomena. Consequently, the theory presented here is one step removed from direct application, yet still potentially applicable.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 1981

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×