The marginal techniques of the economists, ran the argument, were profoundly conservative in their bias, because they encouraged a piecemeal rather than a revolutionary approach to social problems; likewise, the tendency in theoretical work to ignore the everyday context of economic activity amounted in practice to the tacit acceptance of prevailing institutions.
In cases of successful challenge to prevailing institutions and practices, a combination of product reliability and quality, strong and sustained support systems, aggressively low prices, and sales-compensation packages, as well as audacity and implacability, circumvented, shattered, and transformed very different distribution systems.
Thus, 'shareholder theory' may be used to describe a defense of prevailing institutions and practices ('the status quo'), the extension of fiduciary care by officers and directors to a firm's equity owners, or an account of a firm's function derived from neoclassical economics.
Compared with food security, food sovereignty does not conform as readily to prevailing institutions of health governance.
Legitimisation is about acquiring social acceptance of innovation, and it is a process that makes an innovation conform to the prevailing institutions (norms, values, habits and regulations) and/or to a process that targets the change of institutions for something new to emerge (Bergek et al 2008).
To deal with the massive challenges related to water resources management in the Gulf countries necessitates heroic reforms in the prevailing institutions and policies governing water resources, human resources development, improvement of governance, research and development in the hydrology and water resources field in the GCC region.
The results challenge prevailing theories of institutions in which procedures are designed to maximize information transmission.
Regarding norms, we assume that migrants adopt the level of the quality of institutions prevailing in the destination countries.
That discussion, like countless previous ones on the subject, considered ways to improve the often inadequate safety culture prevailing at many institutions.
Prevailing state health institutions are frequently governed by relatively narrow mandates such as preventing illness and reducing health care costs.
To which extent has the lack of adaptability to local conditions, the structure of the rural economy, the institutions prevailing in different countries, etc. influenced the effectiveness of reforms?
