WHAT CAN YOU SAY

ABOUT THE PICTURE?

INSTITUTIONALISM

ˌinstəˈt(y)o͞oSH(ə)n/
 WHAT IS
INSTITUTIONALISM ?
 INSTITUTIONALISM

 is a general approach to governance

and social science. It concentrates on
institutions and studies them using
inductive, historical, and comparative
methods.
 WHY IS THE INSTITUTIONALISM
I M P O R TA N T ?

 It is hard to deliberate on the key constituents of a functioning

society and economy when you are hungry. Institutions also have
an important redistributive role to play in the economy

 they make sure that resources are properly allocated, and

ensure that the poor or those with fewer economic resources are
protected.
WHAT ARE THE TYPES OF
INSTITUTIONALISM?
 NEW INSTITUTIONALISM
(NEO-INSTITUTIONALISM)

 is a school of thought focused on developing a

sociological view of institutions—the way they interact
and how they affect society.

 explains why and how institutions emerge in a certain

way within a given context.
INSTITUTIONALISM ECONOMICS

 focuses on understanding the role of the evolutionary

process and the role of institutions in shaping economic
behavior.
 emphasizes a broader study of institutions and views
markets as a result of the complex interaction of these
various institutions (e.g. individuals, firms, states, social
norms).
 N E W I N S T I T U T I O NA L I S M
ECONOMICS

 is an economic perspective that attempts to extend

economics by focusing on the social and legal norms and rules
 H I S TO R I C A L
I N S T I T U T I O NA L I S M

 a new institutionalist social science method that uses

institutions to find sequences of social, political, economic
behavior and change across time.
 PA RT Y I N S T I T U T I O NA L I S M

 is an approach that sees political parties as having

some capacities for adaptation, but also sees them as
being "prisoners of their own history as an institution"
 DO YOU HAVE ANY
QUESTIONS?
Kindly raise your hands and express your questions freely.
THAT’S ALL
Thank you.