This paper seeks to contribute to institutional theory by providing it with a stronger basis in cognitive and affective psychology. We organise this contribution around the central question of what psychological preconditions must exist for institutions to determine behaviour and order our...

Blockchain technology makes it more feasible for individuals to Exit political-socioeconomic systems at the level of the system itself and elect to accede freely to institutional systems which formulate, promulgate, keep and verify institutions and public records without a centralised authority....

The purpose of this paper is to provide a confession of sorts from an economist to political science and philosophy. A confession of the weaknesses of the political position of the economist. It is intended as a guide for political scientists and philosophers to the ostensible policy criteria of...

We develop an integrated, holistic and systematic model of behavioural change in fixed psychologies by making use of a model of the psychology of behaviour. We identify and explain three simple and comprehensive means by which behavioural change is affected by the interaction of the individual's...

In this paper we shall make use of a new theory of economic systems as networks formed by individuals acting on the basis of their psychology and social position (Markey-Towler, 2016) to obtain a new vision of the diffusion of behavioural change and the role of narratives (Shiller, 2017)...

The purpose of this essay is to develop a view of the process by which the individual becomes persuaded to accept an idea in the process of reasoning in the public sphere as part of the competition between ideas. It makes use of a model of the human mind, psychology and behaviour developed by...

The present paper proposes a new theory of economic development based on a general theory of economic systems as networks formed out of individuals acting on the basis of their psychology and social position. A view is obtained of the economic system as a self-organising system of knowledge, and...

The weak axiom of revealed preference constitutes the basis for neoclassical choice theory. Neoclassical consumer theory can be held to on the basis that the weak axiom upon which it is built is “weak” and has only very reasonable requirements of behaviour. In this paper I demonstrate with a...

In this note we develop principles for forecasting economies viewed as evolving networks formed by individuals acting on the basis of their psychology and social position following Markey-Towler (2016). We review the basic formal apparatus required to understand economies as such before using...