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Both institutional quality and institutional stability have been argued to stimulate economic growth. But to improve institutional quality, a country must endure a period of institutional change, which implies at least a little and possibly a lot of institutional instability. We investigate the...
Persistent link: https://www.econbiz.de/10005245150
Many students of evolutionary, institutional, and cognitive economics have been aware that important links among these fields exist, and several authors have worked on bringing these links to light. Nevertheless, large parts of these links still remain poorly understood. Low interest in...
Persistent link: https://www.econbiz.de/10005196905
Like Nelson (2002), I make a case for bringing institutions into evolutionary economics. But unlike Nelson, who defines institutions as social technologies consisting of rules-routines, I define them in agreement with North (1990) as humanly devised rules-constraints — such as formal law and...
Persistent link: https://www.econbiz.de/10005419159
I denna uppsats visas att Dahmén redan 1939 hade kommit fram till den grundläggande transformationsteoretiska syn han redovisade i sin licentiat avhandling av 1942. I en djuplodande analys av felinvesteringarnas roll i långsiktiga utvecklingsförlopp grundlade Dahmén 1939 för det...
Persistent link: https://www.econbiz.de/10005642435
Uppsatsen tar sin utgångspunkt i att en rad ekonomiska ”fullskaleexperiment” har visat att den ekonomiska friheten definierad av samhällets institutioner – dess spelregler – har avgörande betydelse för den ekonomiska tillväxten och det allmänna välståndet, i synnerhet uppkomsten...
Persistent link: https://www.econbiz.de/10005642450