O RACIONALNOSTI, NORMAMA I INSTITUCIJAMA: EVOLUCIJA SOCIOKULTURNOG KAPITALA KAO MODEL INSTITUCIONALNE PROMJENE
ON RATIONALlTY, SOCIAL NORMS AND INSTITUTIONS: EVOLUTION OF SOCIO-CULTURAL CAPITAL AS A MODEL OF INSTITUTIONAL CHANGE

Summary/Abstract: The paper suggests that a joint sociological and economic approach to institutional dynamics, one of the core phenomena in both disciplines, yields important results. In the first part the author delineates informal and formal institutions and then concentrates on the bridging role of socio-cultural capital (SCC). In the second part of the paper several hypotheses are proposed linking the structure of SCC - especially the scope of cooperation and the verticali horizontal organization as its basic dimensions - with the institutional dynamics and persistence. The analysis of the macro structure of institutional dynamics points out thatthe institutional path- dependency should be interpreted in terms of the differentiai socio-cultural configuration. Discussing the cases of Suq (bazaar), Mafia, and medieval guilds, the author offers a simple evolutionary model of institutional change.

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