Encyclopedia of Law and Economics

Living Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Hirschman, Albert. O.

  • Cyrille Ferraton
  • Ludovic Frobert
Living reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7883-6_739-1

Abstract

This entry will provide insights into Albert Hirschman intellectual trajectory and major concepts. We will over the main steps of his academic career and his major contributions to several and multidisciplinary fields. On the issue of law and economics, the entry underlines his high preference for pragmatic institutions (voice and the political arts of participation and deliberation at different social scales) and his everlasting caution to organic institutions (exit and spontaneous market mechanisms). However, we also state that in some of his contributions, Hirschman tried to rehabilitate, in an original and balanced way, the benefit consequences of organic institutions on the issues of growth and especially development.

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References

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Université Montpellier 3MontpellierFrance
  2. 2.Centre National de la Recherche ScientifiqueParisFrance