Was Frank Knight an Institutionalist?

Monetary Policy : An Institutionalist Approach

Ideas and Social Policy: An Institutionalist Perspective

Since the beginning of the  s, historical institutionalism has emerged as one of the most influential theoretical perspectives in social policy studies. Although their work is insightful, most institutionalist scholars tend to relegate policy ideas to the back of their theoretical constructions dealing with welfare state development. The objective of this paper is to show how institutionali...

Interpreting Caritas : Did Frank Knight and Ludwig Von Mises Get It Wrong ?

Knight and Mises claimed Christianity, both in its early history and in its modern political role, was incompatible with market economics. Competition to satisfy partners in voluntary exchange, investment, and the achievement of property and wealth received little or no sanction from a religion that preached “no thought for the morrow” and commanded “love of one’s neighbor.” Prompted by their d...

IT and organizational change: an institutionalist perspective

This article challenges the tendency of the information systems literature to subsume IT innovation in processes of organizational change, either with the role of `̀ enabler'' of organizational objectives, or as an instrument appropriated by situated organizational actors. Using institutionalist theory, the relationship between information systems development and organizational transformation is...

Frank Knight on Risk, Uncertainty, and the Firm: a New Interpretation

W e attempt to interpret Frank Knight by taking him on his own terns. Among our conclusions are the following. (1) Knight's distinction between risk and uncertainty is not solely a distinction between insurable and uninsurable risk. (2) Knight's explanation for the existence of firms does not reduce to a moral-hWd theory, except perhaps in the broadest and least-interesting sense. And (3) Knigh...