The New Institutionalism in Economics and Sociology
Author(s)
Nee, Victor
Abstract
This essay focuses selectively on the new institutionalisms in economics and sociology as a means to lay out core features of a New Institutional Economic Sociology, which brings back into the research agenda a crucial focus on explaining the workings of shared beliefs, norms and institutions in economic life. My aim is to integrate a focus on social relations and institutions into a modern sociological approach to the study of economic behavior by highlighting the mechanisms that regulate the manner in which formal elements of institutional structures in combination with informal social organization of networks and norms facilitate, motivate and govern economic actions.
