Many firms start as spinoff companies having the advantage of inheriting organizational routines of the parent firm. By constructing the genealogical structure of parent-spinoff relationships, one can analyze the effects of routine replication on firm success. Based on a unique dataset on the...

Paper compares two major schools of economic thought - neoclassical and evolutionary - from the perspective of keystone assumption: rationality of economic agents. It discusses role of rationality assumption in neoclassical and evolutionary theories; importance of expectations; and perspectives...

The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which...

In this paper, we aim at the introduction of an additional macroeconomic sector defined as a broad accounting category in the stock-flow consistent framework developed by Lavoie and Godley. Starting from the idea that many financial services supplied by commercial banks today do not fit into the...

Innovations in payment systems are often framed as technological innovations that are exogenous to the institutions and dynamics of the payment system. This paper suggests that the main drivers of institutional change in the payment system are politico-economic factors and the demand of...

Français Résumé: En Kabylie l' "art de l'association" est l'expression de la territorialité. Dans le village, unité de base territoriale et politique qui unit les citoyens, des liens horizontaux unissent les habitants qui adhérent à un même système de représentation et sont fiers de...

This is the entry for quot;Evolutionary Psychologyquot; in the Encyclopedia of Law and Society: American and Global Perspectives. This entry provides a summary and overview of the science of evolutionary psychology and its implications for the study of law. Understanding how evolution has shaped...