An Analysis of Social Changes in the View of North, Williamson, Greif, Laclau and Mouffe

In recent years economists have, for many reasons, paid special attention to social change (value and institution) in order to understand the cause of economic changes.Institutionalism and Discourse theory are important paradigms in analysis of social changes. This article reviews Institutionalism from the view's point of North, Williamson and Greif and considers discourse theory the view of Laclau and Mouffe. The findings of this study show that both paradigms have some defects and both paradigms have similar explanation of social changes although they use different expressions.