Abstract
A sociocognitive foundation for transformative agency requires much deeper exploration to adequately understand the causal origins of our interests, preferences and choices as they shape both the emergence of institutions, as well as the process of institutional change. In the collegial spirit of rapprochement reminiscent of earlier efforts at “bridge-building”, the central contention of this paper is that the new institutional economics of “late” Douglass North (i.e. North 2005), provides such a sociocognitive approach and an important ontological frame for dealing with embedded agency that may afford original institutional economics a complementary meta-theoretical account of how institutions are formed and changed over time.
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