A Theory of Endogenous Institutional Change

Endogenous dynamics of institutional change

A parsimonious set of mechanisms explains how and under which conditions behavioral deviations build into cascades that reshape institutional frameworks from the bottom up, even if institutional innovations initially conflict with the legally codified rules of the game. Specifically, we argue that this type of endogenous institutional change emerges from an interplay between three factors: the ...

A Theory of Gradual Institutional Change

Once created, institutions often change in subtle and gradual ways over time. Although less dramatic than abrupt and wholesale transformations, these slow and piecemeal changes can be equally consequential for patterning human behavior and for shaping substantive political outcomes. Consider, for example, the British House of Lords. This is an institution that began to take shape in the thirtee...

Endogenous Institutional Change and Dynamic Capitalism

Endogenous Institutional Change and Capitalism in China

The Demand for Endogenous Money: a Lesson in Institutional Change