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The nature of learning processes as well as evolutionary considerations suggest that aesthetic judgement is of central importance in the formation of custom. Learning and extrapolation rely on evaluations of non-instrumental features like simplicity, analogy, straightforwardness, and clarity....
Persistent link: https://www.econbiz.de/10012597793
The new institutional economics has one of its roots in evolutionary thinking. The idea is that there is competition among organizational forms. Some forms spread faster than others and thereby displace and eventually destroy the less well adapted forms. In the end, the most 'efficient'...
Persistent link: https://www.econbiz.de/10012597803
terms of Implementation Theory (IT). First, it explains some of the expressions used by the NIE, such as institutions …
Persistent link: https://www.econbiz.de/10014065591
We explore the exercise of power in perpetuating status quo institutions. We give empirical examples of the economic …
Persistent link: https://www.econbiz.de/10011527337
the interdependencies of institutions of different types and spatial scales. It aims at developing a conceptual framework … institutional change and economic evolution in regions. The paper offers a review on how institutions have been conceptualised in … interdependencies between different types of institutions for institutional change as well as economic outcomes. The concept of …
Persistent link: https://www.econbiz.de/10011487791
premised on the understanding that institutions matter for development. However, there is no straightforward answer to the … question of what exactly 'institutions' are, how they change, or how they can be made to change to become more supportive of an …
Persistent link: https://www.econbiz.de/10011595705
by institutions in his decision-making. It is argued that her view of the entrepreneur rests greatly in the task of …. The evolutionary approach of Veblenian institutionalism offers an apt definition of institutions to the case in point and …
Persistent link: https://www.econbiz.de/10011866438
Dieser Beitrag erläutert (1) die Fragestellung des Hayekschen Gesamtwerks. Ferner skizziert er (2), wie Hayek diese Fragestellung mit seinem Ansatz bearbeitet hat. Sodann werden (3) Stärken und Schwächen dieses Ansatzes diskutiert. Abschließend (4) formuliert dieser Beitrag Lektionen für...
Persistent link: https://www.econbiz.de/10011786651
The foundation for both the neo-Schumpeterian and original institutional economics school of thought is the emphasis on evolutionary processes in economies. The relationship between technology and the social rules and norms that coordinate the behavior of people provides the focus for their...
Persistent link: https://www.econbiz.de/10014230890
This paper studies whether institutions matter for economic performance. For this aim, we first construct a simple … framework illustrating how to examine the interaction between institutions and economic performance from a different point of … interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between …
Persistent link: https://www.econbiz.de/10011558534