Institutional economists have held that we do not know how institutions change. I speculate why collective action as an agent of institutional change has been ignored I used to be surprised that institutional economists argue that they do not know how institutional change happens. Collective action is such a prominent driving force, how could the economists have missed this? I speculate that this must be due to the structure-agent dichotomy in social sciences. Social theorists across disciplines have struggled between choosing structures or agency as their basis of analysis. Those who choose structures (production relations, prices, etc.) effectively assume that […]