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This paper presents an overview of recent research in neuroeconomics, in the light of the question how these relate to institutional economics. I present a critique of Glimcher's recent internalist standard model of neuroeconomics and put forward the claim that only an externalist approach can...
Persistent link: https://www.econbiz.de/10009368058
naturalistic approach to this duality in the context of the theory of institutions, which means that its use is necessarily …
Persistent link: https://www.econbiz.de/10010757129
cognition and performativity, which I put into the context of Searle's philosophical account of institutions. Substantive … neuronal theory of metaphors, resulting in a precise definition of rule-following as performative action. I present two …
Persistent link: https://www.econbiz.de/10009003562
a strictly naturalistic approach to this duality in the context of the theory of institutions, which means that its use …
Persistent link: https://www.econbiz.de/10009370741
economics, this paper sketches the fundamentals of a naturalistic theory of economic order. In this endeavour, the argument … framework to substantive institutions that has been recently proposed by Aoki, I present Hayek's theory of culture in terms of … modern conceptions of performativity and distributed cognition. As a result, I introduce the concept of institutionally …
Persistent link: https://www.econbiz.de/10009370743
based his analysis on three research disciplines: Evolutionary Epistemology, Cognitive Psychology, and Systems Theory. In …
Persistent link: https://www.econbiz.de/10005836162
Social institutions are persistent regularities in contracting and other relations amongst men and in the unintended consequences of such rule-like behavior. They include morality and law as well as institutions of governance such as branding and advertising. Institutions are studied in all...
Persistent link: https://www.econbiz.de/10004979273
Adaptation to the consequences of climate change has attracted increasing interest as a necessary complement to greenhouse gas mitigation. Economic approaches to climate adaptation are rarely articulated and discussed explicitly despite many benefits of such a framework-level discourse....
Persistent link: https://www.econbiz.de/10010981996
Economics has a key role to play for understanding vulnerability and adaptation to climate change. However, economic approaches to climate adaptation are rarely articulated and discussed at a framework level. This article first reviews and critically assesses welfare economics approaches to...
Persistent link: https://www.econbiz.de/10010981998
classical theory of choice would suggest, the economic agents are rational and the markets are or should be efficient and behave … also rationally. This contribution tries to highlight some well-known limits of the classical theory of rational choiceand … compare this theory of choice with a different notion of rationality, bounded rationality, and with an approach that seeks to …
Persistent link: https://www.econbiz.de/10011114155