TY - JOUR
T1 - How to foster social progress
T2 - an ordonomic perspective on progressive institutional change
AU - Hielscher, Stefan
AU - Pies, Ingo
AU - Valentinov, Vladislav
PY - 2012/9/1
Y1 - 2012/9/1
N2 - According to the institutionalist position, institutional change is progressive to the extent that ceremonial behavioral patterns are replaced by instrumental ones. This article shows how the ordonomic research program operationalizes and explains the feasibility of progressive institutional change. The key ordonomic argument is that instrumental value is expressed in the inclusive win-win semantics that, by virtue of its very inclusiveness, is capable of transcending the win-lose semantics implicated in ceremonial value. This argument is illustrated with the European growth miracle as the prime historical example of progressive institutional change.
AB - According to the institutionalist position, institutional change is progressive to the extent that ceremonial behavioral patterns are replaced by instrumental ones. This article shows how the ordonomic research program operationalizes and explains the feasibility of progressive institutional change. The key ordonomic argument is that instrumental value is expressed in the inclusive win-win semantics that, by virtue of its very inclusiveness, is capable of transcending the win-lose semantics implicated in ceremonial value. This argument is illustrated with the European growth miracle as the prime historical example of progressive institutional change.
KW - economic growth
KW - ideas
KW - institutional change
KW - ordonomics
UR - http://www.scopus.com/inward/record.url?scp=84865273801&partnerID=8YFLogxK
UR - http://dx.doi.org/10.2753/JEI0021-3624460310
U2 - 10.2753/JEI0021-3624460310
DO - 10.2753/JEI0021-3624460310
M3 - Article
AN - SCOPUS:84865273801
SN - 0021-3624
VL - 46
SP - 779
EP - 798
JO - Journal of Economic Issues
JF - Journal of Economic Issues
IS - 3
ER -
