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In recent extensions of the Darwinian paradigm into economics, the replicator-interactor duality looms large. I propose a strictly naturalistic approach to this duality in the context of the theory of institutions, which means that its use is seen as being always and necessarily dependent on...
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In recent extensions of the Darwinian paradigm into economics, the replicator-interactor duality looms large. I propose a strictly naturalistic approach to this duality in the context of the theory of institutions, which means that its use is seen as being always and necessarily dependent on...
Persistent link: https://www.econbiz.de/10013118396
This is an entirely new draft of the sixth chapter of my book 'Foundations of Evolutionary Economics' which is going to be published by Edward Elgar in due course. With permission of the publisher, the draft chapters are posted on the web to facilitate academic discussion for further...
Persistent link: https://www.econbiz.de/10013092584
Especially after the Asian crisis, the conviction gained stronger acceptance that convergence of economic performance would also require convergence of economic institutions to some "institutional best practice". This paper challenges this view by distinguishing different paradigms of analyzing...
Persistent link: https://www.econbiz.de/10014053733
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We review theoretical and empirical research on the dynamic interactions between cultures and institutions. We think about culture as a system of values and about institutions as formalized rules of the game. Our presentation is organized around a simple theoretical framework of political...
Persistent link: https://www.econbiz.de/10012824810