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Working Paper No. 48. Interconnecting Ecolutionary, Institutional and Cognitive Economics: Six Steps towards Understanding the Six Links

PublikationWorking paper
Företagandets villkor, Institutionell ekonomi, Pavel Pelikan
Working Paper No. 48.
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Sammanfattning

Many students of evolutionary, institutional, and cognitive economics have been aware that important links among these fields exist, and several authors have worked on bringing these links to light. Nevertheless, large parts of these links still remain poorly understood. Low interest in inter-field cooperation may be one reason, but difficulties in making these links accessible to meaningful analysis appear more constraining. After surveying the links, this paper proposes six steps towards overcoming these difficulties. It then examines how the three fields together may affect methods and results of economic analysis, in particular those concerning certain basic policy issues.

Pelikan, P. (2004). Interconnecting Ecolutionary, Institutional and Cognitive Economics: Six Steps towards Understanding the Six Links. Ratio Working Paper No. 48.

Baserat på innehåll

Working Paper No. 85. Markets vs. Government when Rationality Is Unequally Bounded
Working paperPublikation
Pelikan, P.
Publiceringsår

2006

Publicerat i

Ratio Working Paper

Sammanfattning

Recognizing that human rationality has bounds that are unequal across individuals entails treating it as a special scarce resource, tied to individuals and used for deciding on its own uses. This causes a meta-mathematical difficulty to the axiomatic theories of human capital and resource allocation, and raises a new problem for comparative institutional analysis, allowing it to explain some so far little understood differences between markets and government. The policy implications strengthen the case against national planning, selective industrial policies, and government ownership of enterprises, but weaken the case against paternalism.

Working Paper No. 24. Bringing Institutions Into Evolutionary Economics: Another View with Links to Changes in Physical and Social Technologies
Working paperPublikation
Pelikan, P.
Publiceringsår

2003

Sammanfattning

Like Nelson (2002), I make a case for bringing institutions into evolutionary economics. But unlike Nelson, who defines institutions as social technologies consisting of rules-routines, I define them in agreement with North (1990) as humanly devised rules-constraints — such as formal law and informal social norms — but also view them, to accommodate most of Nelson’s approach, as constraining the variety of rules-routines employable by agents. I show that this definition has advantages for communicating with modern institutional analysis, for clarifying how institutions can influence, and be influenced by, changes in physical and social technologies, and for producing policy implications.

Related content: Bringing Institutions into Evolutionary Economics

Working Paper No. 85. Markets vs. Government when Rationality Is Unequally Bounded
Working paperPublikation
Pelikan, P.
Publiceringsår

2006

Publicerat i

Ratio Working Paper

Sammanfattning

Recognizing that human rationality has bounds that are unequal across individuals entails treating it as a special scarce resource, tied to individuals and used for deciding on its own uses. This causes a meta-mathematical difficulty to the axiomatic theories of human capital and resource allocation, and raises a new problem for comparative institutional analysis, allowing it to explain some so far little understood differences between markets and government. The policy implications strengthen the case against national planning, selective industrial policies, and government ownership of enterprises, but weaken the case against paternalism.

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