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Taking uncertainty seriously: complementarity as a moving target

[conference paper]

Streeck, Wolfgang

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Further Details
Corporate Editor Oesterreichische Nationalbank
Abstract "In the following I will discuss a few conceptual issues related to the notion of complementarity between economic institutions. My brief notes are not meant to debunk the concept. Quite to the contrary, they are a plea for more sophistication in its use. My central claim is that current usage of the concept makes too demanding assumptions on the rationality of the actors designing and enacting economic institutions. Moreover, it suggests too static a view of institutions. In both respects, it seems necessary to rethink and make explicit the microfoundations of the concept of complementarity, grounding it in both a realistic theory of rational action on the one hand and a dynamic theory of social institutions on the other." (excerpt)
Keywords economy; institution; social system; socioeconomic system; economic system
Classification Political Economy
Method documentation
Collection Title The transformation of the European financial system. Where do we go? Where should we go?
Document language English
Publication Year 2004
City Wien
Page/Pages p. 101-115
Series Proceedings of OeNB Workshops, 1
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne