Inertia means stillness, stationary, immobility, and stickiness. Footnote 1 Inertia is derived from the Latin word "iners" which means idle and sluggish. This concept has gradually entered the literature of management, economics, political, and social science from physics to include a range of characteristics (such as resistance to change) related to social systems.
Feb 9, 2024The resistance of institutions to change (or institutionalinertia), is one of the important issues in institutional economics. In this chapter, the concept of inertia, the types of inertiain ...
Dealing with Damaging InstitutionalInertia. Oct 4, 2017 Mohamed A. El-Erian. Institutions matter, especially in a period of economic, political, and social fluidity, when they shield countries from frequent volatility and reduce the risk of costly shocks. The longer it takes to restore confidence in them, the greater the impediments to our ...
This article contrasts two theories of political and social inertia. Francis Fukuyama argues that political inertia is a result of a cognitive and institutional rigidity which is ultimately grounded in human nature, and that therefore inertia is a feature inherent in political systems.
Institutionalinertiaand resistance to change is a defining feature of institutions, because they have considerable stability and predict- ability (North, 1990: 89). ... and political structures, and inertia at the level of knowledge development, concepts and ideas are explained. By reviewing the literature of new institutionalism, sixteen
The resistance of institutions to change (or institutionalinertia), is one of the important issues in institutional economics. In this chapter, the concept of inertia, the types of inertiain human sciences, and the causes of institutionalinertia have been explained. Also, types of inertia at the level of individuals, inertia at the level of social and political structures, and inertia at ...
Feb 9, 2024It is also noted that this book appears to be the first such attempt on institutionalinertiaand differs from the existing literature in several ways: (i) unlike the existing literature, it has a comprehensive look at the definition of inertia, institutionalinertia, types of institutionalinertia, its roots and effects; (ii); it has a special ...
Francis Fukuyama argues that political inertia is a result of a cognitive and institutional rigidity which is ultimately grounded in human nature, and that therefore inertia is a feature inherent in political systems. Hartmut Rosa, by contrast, sees inertia as a specifically modern phenomenon, which is the result of the inability of political ...
It will be argued that a broad approach combining historical, institutionaland normative perspectives is needed to explain political inertia. Discover the world's research 25+ million members