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Deindustrialization and Business Organisation: An Institutionalist Critique of the Natural Selection Analogy

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Deindustrialization and Business Organisation: An Institutionalist Critique of the Natural Selection Analogy
Author(s)Seal, W. B.
AbstractAn institutionalist critique is presented of the natural selection analogy concerning the structure of an economy and deindustrialization. Based on an extension of O. E. Williamson and W. Ouchi’s writings, it is argued that far from predicting the “Panglossian” outcome of efficient institutional adaptation usually associated with selection theory, surviving institutional arrangement may possess important defects.
IssueNo5
Pages267-315
ArticleAccess to Article
SourceCambridge Journal of Economics
VolumeNo14
PubDateSeptember 1990
ISBN_ISSN0309-166X
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