Institutional Change and the Importance of Understanding Shared Mental Models.
SUMMARY: Arthur Denzau and Douglass North's paper "Shared Mental Models: Ideologies and Institutions" seeks to explain differences in economic performance across time and space recognizing that under conditions of uncertainty actors base their decisions "in part upon [...] myths, dogmas, ideologies,...
| Publicado en: | Kyklos Vol. 73; no. 3; pp. 371 - 392 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Aug2020
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=144686167&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 144686167 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00235962 KYK jtl: Kyklos issn: 00235962 maglogo: Y pubinfo: dt: Aug2020 vid: 73 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 144686167 10.1111/kykl.12245 ppf: 371 ppct: 21 formats: fmt: – @attributes: type: T – @attributes: type: P size: 118KB tig: atl: Institutional Change and the Importance of Understanding Shared Mental Models. aug: au: Shughart, William F. Thomas, Diana W. Thomas, Michael D. su: Social sciences education Development economics Behavioral economics Economic change Economic research sug: subj: Social sciences education Research and Development in the Social Sciences and Humanities Development economics Behavioral economics Economic change Economic research ab: SUMMARY: Arthur Denzau and Douglass North's paper "Shared Mental Models: Ideologies and Institutions" seeks to explain differences in economic performance across time and space recognizing that under conditions of uncertainty actors base their decisions "in part upon [...] myths, dogmas, ideologies, and 'half‐baked' theories." The model Denzau and North develop is firmly rooted in the orthodoxy of economics but emphasizes the significance of shared ideologies and ideas in driving economic change. In this paper, we discuss how the legacy of Denzau and North (1994) should be applied to current and future economic inquiries and, in particular, how it might inform work in development economics, behavioral economics, and in the study of the effects of social norms on economic outcomes. We argue that a perspective that emphasizes the role of the economic actor as entrepreneur in the context of shared mental models and institutions can improve economic analysis in those areas of research, which currently focus on the economist as exogenous policy expert. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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