Toward a theory of induced institutional innovation
提出一个制度创新理论,认为资源禀赋变化和技术进步会诱致制度创新需求,并用农业史说明这些变化如何导致私有产权和非市场制度的发展。
In this paper we elaborate a theory of institutional innovation in which changes in the demand for institutional innovation are induced by changes in relative resource endowments and by technical change. We illustrate, from agricultural history, how changes in resource endowments and technical change have induced changes in private property rights and in the development of non‐market institutions. We also consider the impact of advances in social science knowledge and of cultural endowments on the supply of institutional change. In a final section we present the elements of a model of institutional innovation that maps the relationships among resource endowments, cultural endowments, technology, and institutions.