Institutions as seen by the Austrian school and ‘ordoliberalism’

  • Bernard Chavance University of Paris Diderot LADYSS and CEMI (EHESS)
Keywords: institution, institutional change, Austrian school, Ordoliberalism


The paper focuses on the conceptualization of institution offered by the Austrian school and the Ordoliberal theory that differ significantly from other approaches within the large family of institutional theories, especially those presented by the Chicago school of economics.