“The Shared Challenges of Institutional Theories: Rational Choice,” in Historical Institutionalism, and Sociological Institutionalism, Knowledge and Institutions – eds. Johannes Glückler, Roy Suddaby and Regina Lenz

Scholarship on institutions across the social sciences faces a set of fundamental dilemmas. On the one hand, it needs to explain how institutions change. Yet explanations of change which point to external factors run the risk of reducing institutions to a mere transmission belt for other, more fundamental causes. On the other, it needs to explain how institutions can have meaningful consequences. Yet in practice it is often hard to distinguish the institutions that cause a particular behavior from that behavior itself. In this chapter, the author shows how, these dilemmas affect the relatively discrete approaches to institutions offered by rational choice, historical institutionalist and sociological institutionalist accounts. He map out the different ways in which authors have sought to resolve these dilemmas and then briefly outlines an alternative approach that borrows from evolutionary theory and an understanding of institutions as congregations of beliefs to offer a better answer to these problems.

Henry Farrell, “The Shared Challenges of Institutional Theories: Rational Choice, Historical Institutionalism, and Sociological Institutionalism,” Knowledge and Institutions, eds. Johannes Glückler, Roy Suddaby and Regina Lenz (Springer 2018).

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Academic Article

Stability of Democracies: A Complex Systems Perspective – with Karoline Wiesner, Alvin Birdi, Tina Eliassi-Rad, David Garcia, Stephan Lewandowsky, Patricia Palacios, Don Ross, Didier Sornet and Karim Thebault

Karoline Wiesner, Alvin Birdi, Tina Eliassi-Rad, Henry Farrell, David Garcia, Stephan Lewandowsky, Patricia Palacios, Don Ross, Didier Sornet and Karim Thebault (2019), “Stability of Democracies: A Complex Systems Perspective,” European Journal of Physics 40, 1:014002. The idea that democracy is under threat, after being largely dormant for at least 40 years, is looming increasingly large ...
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Chapter in an Edited Volume

“Social Institutions among Economists in the Wake of the Financial Crisis,” in Economy and Society in Europe: A Relationship in Crisis – eds. Luigi Burroni, Maarten Keune and Gugliemo Mardi

While an economy is always ‘embedded’ in society, the relationship between the two is undergoing profound changes in Europe, resulting in widespread instability which is emphasised by the current crisis. This book analyses these changes, and in particular pressures of intensifying international competition, globalization and financialization within Europe. Henry Farrell, “Social Institutions among Economists in ...
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