1. Access Orders and the ‘New’ New Institutional Economics of Development
- Author
-
Hazel Gray
- Subjects
Order theory ,050204 development studies ,05 social sciences ,Developing country ,Development ,Development theory ,Politics ,Order (exchange) ,0502 economics and business ,Development economics ,Economic model ,Sociology ,New institutional economics ,050207 economics ,Institutional theory ,Law and economics - Abstract
This article examines the Access Order theories of development that have emerged as the latest reformulation of New Institutional Economics by Douglass North and his associates. They claim that Access Order theory represents a radical break from previous models of institutional change in developing countries. They argue that at the heart of development is the problem of controlling organized violence. Two distinct social orders, the Limited Access Order and the Open Access Order, have emerged as solutions to the problem of endemic violence. This article traces the evolution of these new ideas within North’s institutional theory and examines how violence is treated within their framework. The article evaluates the underlying economic model on which the theory is based and argues that the conceptual device of the Open Access Order preserves key features of the neoclassical approach within North's work. The article contrasts the Access Order approach to the political settlements framework. To conclude the article argues that the Access Order approach serves to strip the progressive potential out of development by ignoring how controlling violence may affect capabilities, rights and freedom.
- Published
- 2015
- Full Text
- View/download PDF