Neoinstitutionalism: Still no intellectual hegemony?

Abstract

Despite its greater realism, neoinstitutionalism has not been able to rival neoliberal approaches in the minds of many public-policy communities. This article suggests four reasons why this is the case: the way that neoliberalism appears to be rooted in the strong paradigms of neoclassical economics, the related simple appeal of marketization as a solution to policy problems, the dominance of short-term calculation in financial markets as the apparently most successful form of economic activity, and the role of corporate actors as public-policy insiders. It is argued that an essential solution to the problem is a rapprochement between neoinstitutionalism and neoclassical economics, which is itself not necessarily wedded to neoliberalism.

Seeing Like the World Bank on Poverty

“…These two dimensions of the critique, economisation on the one hand and quantification and standardisation on the other, are related to each other. Crouch (2007) argues that economic models fit nicely with modern bureaucracies and policy-making. In that sense, the normative question of which development objective to pursue is interlinked with operational and organisational conditions of a huge bureaucracy.…”

Neoinstitucionalismo como paradigma científico

“…Y aunque de alguna manera, en la actualidad persiste una hegemonía intelectual del pensamiento neoliberal derivado de la teoría neoclásica, en cuyo marco las instituciones son básicamente entendidas en términos de su funcionalidad al mercado, no obstante, existe evidencia que demuestra que ciertas instituciones ajenas al mercado pueden jugar un papel fundamental en la competitividad, sin necesariamente debilitarla tal como se asume en el pensamiento neoliberal (Crouch 2007). De esta forma, la mayor divergencia entre la nueva economía institucional y la teoría neoclásica se observa en las concepciones acerca de cómo medir la eficiencia económica.…”

Remediable institutional alignment and water service reform

“…As a result, since the 1980s there has been a significant increase in PSP through developed, transition and developing countries . While the results of a growing body of literature question claims of superior private sector efficiency , the intellectual hegemony of rational choice remains unchallenged (Crouch, 2007;Fine, 2009).…”