This report on new economic insights summarizes the evolutionary perspective on the theory of economic policy. It emphasizes the limited competence of governments and other agencies to pre-design the evolution of the economic system and markets. In doing so, it nevertheless identifies general...

Despite the advances in New Institutional Economics about the economic consequences of institutions and legal rules, up to now we have only limited knowledge about the mechanisms of the evolution of law. By combining the main ideas of Evolutionary Economics and New Institutional Economics this...