Rediscovering the power of institutions: The macrofoundations of institutional analysis

This chapter provides a summary of the closing plenary at the 2018 Alberta Institutions Conference in which four scholars – Markus Höllerer, Marc Schneiberg, Patricia Thornton, and Charlene Zietsma – shared their views on how we could put the macrofoundations of institutional theory again more center-stage in institutional analysis. The first major theme emerging from the panel discussion pertains to the meaning of macrofoundations. While Schneiberg sees institutions as socio-cognitive infrastructures, Zietsma emphasizes their constitutive nature. Second, both Thornton and Höllerer caution that an exclusive focus on either the micro-or the macro-level might remain only partial and call for more cross-level studies of institutions – and also for understanding the micro and the macro as co-constitutive analytical categories. Finally, the panelists discuss how we could break academic silos in institutional analysis and strive for theoretical innovation through interdisciplinary studies, among other avenues.