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In the social sciences there is a standing debate over the primacy of structure or agency in shaping human behaviour. Structure is the recurrent patterned arrangements which influence or limit the choices and opportunities available. [1] Agency is the capacity of individuals to act independently and to make their own free choices. [1]
The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market. [1] Firms are key drivers in economics, providing goods and services in return for monetary payments and rewards.
The most influential attempts to combine the concept of social structure with agency are Anthony Giddens' theory of structuration and Pierre Bourdieu's practice theory. Giddens emphasizes the duality of structure and agency, in the sense that structures and agency cannot be conceived apart from one another.
The theory of structuration is a social theory of the creation and reproduction of social systems that is based on the analysis of both structure and agents (see structure and agency), without giving primacy to either. Furthermore, in structuration theory, neither micro- nor macro-focused analysis alone is sufficient
The relationship between bureaucratic and coalitional drift is a disputed part of the bureaucratic drift theory. [2] [7] [8] In 1992, Jonathan Macey hypothesized that the creation of an agency's structure and design is instrumental in preventing bureaucratic drift. [2]
Constitutional economics is a research program in economics and constitutionalism that has been described as extending beyond the definition of "the economic analysis of constitutional law" to explain the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political ...
The approach "rejects the old dichotomies – between agency and structure, between ideas and material interests, and between states and markets". [8] The approach seeks to make explicit the normative assumptions that lie behind its analysis, and to be a "hosting metaphor" that will encourage political debate about societal preferences.
New institutional economics (NIE) is an economic perspective that attempts to extend economics by focusing on the institutions (that is to say the social and legal norms and rules) that underlie economic activity and with analysis beyond earlier institutional economics and neoclassical economics.