The Institutions of the Market: Organizations, Social Systems, and Governance

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This book approaches markets as a dynamic ensemble of institutions; and as a set of rules or norms, that contribute to the evolution of social systems of governance, and can be analysed as a structured social system. It tackles such questions as:

* Where do markets come from and what drives their evolution?
* How do organizations cope with the competitive dynamism of markets?
* What is the role of governance mechanisms in the institutional coordination of markets?

Using this "new institutionalist" approach, an international group of leading scholars examine the institutional foundations of economic change. Drawn from an array of disciplines, including Business, Organization Studies, Economics, and Sociology, the contributors address the organizational capabilities of firms, the social structuration of competition, and the diversity of governance mechanisms in the market.

Contributors include:

Nikolaus Beck, Christophe Boone, Robert Boyer, Alexander Ebner, Neil Fligstein, Henrich R. Greve, John Harriss, Bob Hinings, Geoffrey M. Hodgson, Bob Jessop, Alfred Kieser, Namrata Malhotra, Renate E. Meyer, Richard R. Nelson, Rudolf Richter, Peter Walgenbach, Filippo Carlo Wezel, Sidney G. Winter, and Arjen Van Witteloostuijn.

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Product Details

  • ISBN-13: 9780199231423
  • Publisher: Oxford University Press
  • Publication date: 9/15/2008
  • Pages: 352
  • Product dimensions: 6.10 (w) x 9.30 (h) x 1.30 (d)

Meet the Author

Alexander Ebner is Affiliate Professor in the Grenoble Ecole de Management, Grenoble, France.
Nikolaus Beck is Assistant Professor and Chair of Organization Theory and Management, at the University of Erfurt, Germany

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Table of Contents

List of Figures List of Tables Introduction The Institutions of the Market Alexander Ebner Ebner, Alexander 1 Pt. I Market Agents: Knowledge and Learning in Organizations
1 The Emergence of the Idea of Institutions as Repositories of Knowledge Geoffrey M. Hodgson Hodgson, Geoffrey M. 23
2 Dynamic Capability as a Source of Change Sidney G. Winter Winter, Sidney G. 40
3 Rules, Routines, and Learning in Organizations Alfred Kieser Kieser, Alfred 66
4 Problemistic Search and (Inter-)Organizational Learning Henrich R. Greve Greve, Henrich R. 87
5 Change in Institutional Fields C. R. Hinings Hinings, C. R. Namrata Malhotra Malhotra, Namrata 106 Pt. II Market Process: Rules, Norms, and the Social System of Market Competition
6 Myths of the Market Neil Fligstein Fligstein, Neil 131
7 On the Social Structure of Markets: A Review and Assessment in the Perspective of the New Institutional Economics Rudolf Richter Richter, Rudolf 157
8 Institutional Entrepreneurship and the Structuring of Organizations and Markets Peter Walgenbach Walgenbach, Peter Renate E. Meyer Meyer, Renate E. 180
9 Organizational Ecology as a Theory of Competition Nikolaus Beck Beck, Nikolaus 202
10 Different Paths of Industry Evolution: Timing of Entry, Legitimation, and Competition Spillovers Across Countries Filippo Carlo Wezel Wezel, Filippo Carlo Christophe Boone Boone, Christophe Arjen van Witteloostuijn van Witteloostuijn, Arjen 221 Pt. III Market Governance: Regulation, Coordination, and Public Policy
11 Co-evolution of Technologies and Institutions in Market Economies Richard R. Nelson Nelson, Richard R. 253
12 Institutional Evolution and the Political Economy ofGovernance Alexander Ebner Ebner, Alexander 287
13 Explaining Economic Change: The Relations of Institutions, Politics, and Culture John Harriss Harriss, John 309
14 Polanyian, Regulationist, and Autopoieticist Reflections on States and Markets and their Implications for the Knowledge-Based Economy Bob Jessop Jessop, Bob 328
15 Pierre Bourdieu, a Theoretician of Change? The View from Regulation Theory Robert Boyer Boyer, Robert 348 Index 398
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