Institutional theory has made tremendous gains in recent years. However, while it has borrowed concepts and insights from more critical perspectives, it has resisted the import of a more critical outlook. This has meant that institutional theory has shied away from identifying and examining more problematic uses of power. Consequently, institutional understandings of how power operates continue to fall short of the theory's full potential.
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Stiglitz J. E., 2012, The Price of Inequality: How Todays Divided Society Endangers Our Future