Institutions, knowledge, action, and institutional capital Cover Image

Instytucje, wiedza, dzialanie i kapital instytucjonalny
Institutions, knowledge, action, and institutional capital

Author(s): Jarosław Górniak
Subject(s): Economy
Published by: Uniwersytet Ekonomiczny w Krakowie we współpracy z Wydawnictwem Naukowym Scholar
Keywords: institutions, economic development, wealth of nations, action, knowledge, information, institutional capital.

Summary/Abstract: Th e purpose of this article is to present a systematic concept of institutions from the point of view of analytical sociology. Th e concept is introduced in order to fi nd the decisive factor determining the competitive advantage of certain countries, the “wealth and poverty of nations”. Th e author considers institutions as a key factor for economic development. He begins with an overview of current approaches to the semantic range of the notion of institution. One of the dilemmas in this discussion is whether or not organizations should be treated as a special type of institutions. Th e next topic of analysis is human action, which is a purposeful activity of individuals based on their knowledge. Th e article demonstrates the relation between such activity and institutions understood as repositories of social knowledge regarding groups of situations and action programmes related to them. In the fi nal part of the article, the notion of “institutional capital” is introduced; consequently, the institutions are analyzed from the point of view of their infl uence on the productivity of resources and on the competitiveness and prosperity of nations. In the conclusions, the author notes that sociology moves away from analyses of institutions, and that the institutional approach becomes increasingly important in economics. He points out the many unexplored issues in this area of social research.

  • Issue Year: 2013
  • Issue No: 24+25
  • Page Range: 19-33
  • Page Count: 15
  • Language: Polish