A society engulfed by uncertainty and risk: the inconsistency of institutional transformations

The article deals with the problems of criteria for assessing institutional transformations, legitimization and legalization of institutions. It is noted that institutional transformations in modern society, which normally are the result of gradual and long-term processes, can also be contradictory and subjected to increasing pressure from uncertain threats and risks, in particular, due to an increase in the likelihood and scale of "the market failures" and "the state failures", the marginalization of society, acute social conflicts, and negative effects of informatization. At the same time, scientific ideas about the criteria for choosing the appropriate institutional transformations continue to be largely vague.

Keywords

institutions, legitimization, uncertainty, risk, threat, free-rider

Publication date

31.08.2022

Number of characters

30705

Cite

GOST	Kolomiets A. A society engulfed by uncertainty and risk: the inconsistency of institutional transformations // Obshchestvo i ekonomika – 2022. – Issue 8 C. 5-17 [Electronic resource]. URL: https://oie.jes.su/S020736760021492-0-1 (circulation date: 29.04.2024). DOI: 10.31857/S020736760021492-0
MLA	Kolomiets, Andrey "A society engulfed by uncertainty and risk: the inconsistency of institutional transformations." Obshchestvo i ekonomika 8 (2022):5-17. DOI: 10.31857/S020736760021492-0
APA	Kolomiets A. (2022). A society engulfed by uncertainty and risk: the inconsistency of institutional transformations. Obshchestvo i ekonomika (8), pp.5-17 DOI: 10.31857/S020736760021492-0

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