In his Idea of Justice, Amartya Sen compares the two basic approaches to evaluate institutions, transcendental institutionalism and realization-focused comparisons. Referring to Smith's Impartial Spectator, he argues in favour of the latter and proposes the principle of Open Impartiality....

In his Idea of Justice, Amartya Sen compares the two basic approaches to evaluate institutions, transcendental institutionalism and realization-focused comparisons. Referring to Smith's Impartial Spectator, he argues in favour of the latter and proposes the principle of Open Impartiality....

In his Idea of Justice, Amartya Sen compares the two basic approaches to evaluate institutions, transcendental institutionalism and realization-focused comparisons. Referring to Smith's Impartial Spectator, he argues in favor of the latter and proposes the principle of Open Impartiality....

In international trade policy, the concept of market access is pivotal. Yet, it remains a neglected category in institutional-economics approaches to international trade. The paper introduces a new analytical category, which relates explicitly to the exchange of market access among governments:...

A crucial idea of institutional economics as established by Veblen and Ayres is the tension, even contradiction between technological progress and institutional change. In abstract terms, this is based on the assumption that the evolution of knowledge follows an autonomous logic, and that social...

A crucial idea of institutional economics as established by Veblen and Ayres is the tension, even contradiction between technological progress and institutional change. In abstract terms, this is based on the assumption that the evolution of knowledge follows an autonomous logic, and that social...

French regulation theory and German theory of order are nationally specific forms of institutional economics with independent research traditions and partly a particular conceptual framework. However, because of the different roots, especially with relation to Marxism, these theories coexist...

Recently, equilibrium analysis has gained considerable ground against institutional economics in the field of explaining international trade policy. This paper argues against this trend, picking up the strand of thought originating in seminal contributions such as the Yarbroughs (1992), and...

Recently, the maximum entropy principle has been applied to explain the evolution of complex non-equilibrium systems, such as the Earth system. I argue that it can also be fruitfully deployed to reconsider the classical treatment of entropy in economics by Georgescu-Roegen, if the growth of...

Recently, Aoki proposed the concept of substantive institutions which relates outcomes of strategic interaction with public representations of equilibrium states of games. I argue that the Aoki model can be grounded in theories of distributed cognition and performativity, which I put into the...