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A key concept of Rational Choice Institutionalism is the principal-agent model borrowed from Neo-classical economics. This model is used to explain why some institutions appear to be inefficient, suboptimal, dysfunctional or generally go against the intentions of the actors who created the institution.
Historical institutionalism (HI) is a new institutionalist social science approach [1] that emphasizes how timing, sequences and path dependence affect institutions, and shape social, political, economic behavior and change.
The institutionalization of politics [2] (also spelled as institutionalisation of politics; Chinese: 政治制度化), [3] commonly known as political institutionalization [4] or political institutionalisation, refers to the founding, arrangement, and codification of the states' various institutions, generally via constitution-making or some other constitutional mechanisms. [5]
Neo institutionalism (also referred to as neo-institutionalist theory or institutionalism) is an approach to the study of institutions that focuses on the constraining and enabling effects of formal and informal rules on the behavior of individuals and groups. [1]
In sociology, institutionalisation (or institutionalization) is the process of embedding some conception (for example a belief, norm, social role, particular value or mode of behavior) within an organization, social system, or society as a whole.
In sociology and organizational studies, institutional theory is a theory on the deeper and more resilient aspects of social structure. It considers the processes by which structures, including schemes, rules, norms, and routines, become established as authoritative guidelines for social behavior. [1]
Liberal institutionalism (or institutional liberalism or neoliberalism) is a theory of international relations that holds that international cooperation between states is feasible and sustainable, and that such cooperation can reduce conflict and competition.
Institutions and economic development In the context of institutions and how they are formed, North suggests that institutions ultimately work to provide social structure in society and to incentivize individuals who abide by this structure. North explains that there is in fact a difference between institutions and organizations and that ...