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Neoclassical and institutional approaches to development and the environment
Swedish University of Agricultural Sciences, Uppsala, Sweden. (Ekonomi för hållbar utveckling)ORCID iD: 0000-0003-2689-819X
1992 (English)In: Ecological Economics, ISSN 0921-8009, E-ISSN 1873-6106, Vol. 5, no 2, p. 127-144Article in journal (Refereed) Published
Abstract [en]

Institutional economics is suggested as a more fruitful approach to environmental problems than the now dominant neoclassical paradigm. The historical background of institutionalism in the United States and Europe is given as well as th main characteristics of this approach, i.e. holism, emphasis on institutional arrangements, pattern modelling and emphasis on the political element of economics. Differences between neoclassical and institutional economics are elaborated with respect to the concept of economics (reductionist versus holistic), the approach to decision-making (aggregated versus highly disaggregated), and the view of social and institutional change (public choice versus actor-network approach).

Place, publisher, year, edition, pages
Elsevier, 1992. Vol. 5, no 2, p. 127-144
Keyword [en]
institutional economics, neoclassical economics, actor-network theory, public choice theory, sustainability, ecological ethics
National Category
Social Sciences
Research subject
Industrial Economics and Organisations
Identifiers
URN: urn:nbn:se:mdh:diva-28855DOI: 10.1016/0921-8009(92)90042-QScopus ID: 2-s2.0-0026475635OAI: oai:DiVA.org:mdh-28855DiVA: diva2:851754
Projects
sustainability economics
Available from: 2015-09-07 Created: 2015-09-07 Last updated: 2017-12-04Bibliographically approved

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Söderbaum, Peter

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