The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s "veil of ignorance": individuals unknowingly pursue society’s interest and, as a result, have no clue as to the macroeconomic effects of their actions: witness the Keynes and Leontief multipliers, the concept of value added, fiat money, Engel’s law and technical progress, to name but a few of the macrofoundations of microeconomics. A good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan’s economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker’s Rule. Very simply, the banks, whose lending determined deposits after Roosevelt, and were a public service became private enterprises whose deposits determine lending. These underlay the great moderation preceding 2006, and the subsequent crash.

The Economic Institutions of Capitalism

This paper disentangles the impact of schools and teachers in influencing achievement with special attention given to the potential problems of omitted or mismeasured variables and of student and school selection. Unique matched panel data from the UTD Texas Schools Project permit the identification of teacher quality based on student performance along with the impact of specific, measured components of teachers and schools. Semiparametric lower bound estimates of the variance in teacher quality based entirely on within-school heterogeneity indicate that teachers have powerful effects on reading and mathematics achievement, though little of the variation in teacher quality is explained by observable characteristics such as education or experience. The results suggest that the effects of a costly ten student reduction in class size are smaller than the benefit of moving one standard deviation up the teacher quality distribution, highlighting the importance of teacher effectiveness in the determination of school quality.

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Teachers, Schools, and Academic Achievement

Social Psychology of Organizations

In the present paper a research has been done on the essay ‘Can the Subaltern Speak’ by’ Gayatri Chakravorty Spivak’. It has been explained into much simpler language about what the author conveys for better understanding and further references. Also the criticism has been done by various critiques from various sources which is helpful from examination point of view. The paper has been divided into various contexts with an introduction and the conclusions. Also the references has been written that depicts the sources of criticism.

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Can the Subaltern Speak

Providing a retrospective and prospective overview of organization studies, the Handbook continues to challenge and inspire readers with its synthesis of knowledge and literature. As ever, contributions have been selected to reflect the diversity of the field. New chapters cover areas such as organizational change; knowledge management; and organizational networks.
Part One reflects on the relationship between theory, research and practice in organization studies.
Part Two address a number of the most significant issues to affect organization studies such as leadership, diversity and globalization.
Comprehensive and far-reaching, this important resource will set new standards for the understanding of organizational studies. It will be invaluable to researchers, teachers and advanced students alike.

Institutions and Institutional Work

We draw on an in-depth longitudinal analysis of conflict over harvesting practices and decision authority in the British Columbia coastal forest industry to understand the role of institutional work in the transformation of organizational fields. We examine the work of actors to create, maintain, and disrupt the practices that are considered legitimate within a field (practice work) and the boundaries between sets of individuals and groups (boundary work), and the interplay of these two forms of institutional work in effecting change. We find that actors' boundary work and practice work operate in recursive configurations that underpin cycles of institutional innovation, conflict, stability, and restabilization. We also find that transitions between these cycles are triggered by combinations of three conditions: (1) the state of the boundaries, (2) the state of practices, and (3) the existence of actors with the capacity to undertake the boundary and practice work of a different institutional process. The...

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Institutional Work in the Transformation of an Organizational Field: The Interplay of Boundary Work and Practice Work

A tale of passion: New insights into entrepreneurship from a parenthood metaphor

Does money matter?: Wealth attainment as the motive for initiating growth-oriented technology ventures

The concept of an institutional field is one of the cornerstones of institutional theory, and yet the concept has been stretched both theoretically and empirically, making consolidation of findings across multiple studies more difficult. In this article, we review the literature and analyze empirical studies of institutional fields to build scaffolding for the cumulation of research on institutional fields. Our review revealed two types of fields: exchange and issue fields, with three subtypes of each. We describe their characteristics, and subsequently, review field conditions in the extant literature and develop a typology based on two dimensions: the extent of elaboration of institutional infrastructure and the extent to which there is an agreed-upon prioritization of logics. We discuss the implications of field types and conditions for isomorphism, agency, and field change, based on a review of the literature that revealed six pathways of field change and the factors affecting them. We outline a research agenda based on our review highlighting the need for consolidation of field studies and identify several outstanding issues that are in need of further research.

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Field or fields? Building the scaffolding for cumulation of research on institutional fields

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Charlene Zietsma

Papers

Institutional Work in the Transformation of an Organizational Field: The Interplay of Boundary Work and Practice Work

A tale of passion: New insights into entrepreneurship from a parenthood metaphor

Does money matter?: Wealth attainment as the motive for initiating growth-oriented technology ventures

Field or fields? Building the scaffolding for cumulation of research on institutional fields

Building the iron cage: institutional creation work in the context of competing proto-institutions