Institutional change

  • Stanisław Mazur Department of Public Economy and Administration, Cracow University of Economics
Keywords: institution, agent, types of institutional change, mechanisms of institutional change, unintended consequences of institutional change


The author attempts to describe the phenomenon of institutional change. He discusses two different approaches to institutional change and its explanation, and presents his definition of institution and of the interdependence between agent and institution. He also discusses the types and mechanisms of institutional change and its unintended consequences.