Solutions to empower and (re-)engage vulnerable and marginalised populations to unfold their hidden potential allowing them to fully participate the social, economic, cultural and political life, necessarily involve institutional change. This in turn necessitates understanding the processes and mechanisms by which social innovations lead to in-stitutional change. Considering the specific nature of social innova-tions as interactive, generative and contextualised phenomena while maintaining that many practices at the micro-level can add up to patterns and regularities at the macro-level, middle-range theorising (MRT) is proposed as an appropriate method to theoreti-cally underpin and substantiate theoretical advancements towards a multidisciplinary perspective on the economic dimensions of social innovation, identifying the direction of future empirical inquiries.