Beyond Institutions: Beliefs and Leadership

• 成果类型: Article
• 署名作者: Indiana University System; Indiana University Bloomington; National Bureau of Economic Research
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050717000523
• 发表日期: 2017
• 页码: 353-372
• 关键词: economic-history

摘要

Beliefs shape the choices of institutions. Beliefs are generally stable, but shocks that cause sufficiently unexpected economic and political outcomes make beliefs malleable. Within these windows of opportunity, leadership can play a role in shaping a new belief among the dominant organizations that in turn generates new institutions and over time a possible transition to a new developmental trajectory.