Co-evolution of economic behaviour and institutions: towards a theory of institutional change

van den Bergh, Jeroen C J M and Stagl, Sigrid (2003) Co-evolution of economic behaviour and institutions: towards a theory of institutional change. Journal of Evolutionary Economics, 13 (3). pp. 289-317. ISSN 0936-9937

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Abstract

Traditionally, economics has regarded institutions, notably norms and
regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This
article gives an overview of evolutionary theories of institutions in biology, sociology, anthropology and economics. These theories are subsequently compared
with non-evolutionary theories of institutions. Next, the insights and approaches are integrated into a framework for analysis of institutions based on the notion of
coevolution.

Item Type: Article
Additional Information: Mainstream economics lacks a positive theory of the evolution of institutions. This paper draws on propositions about coevolution from a broad range of disciplines (ecology, evolutionary psychology, evolutionary economics, etc.) to build some of the bases for such a theoretical step. Dr Stagl¿s contribution lay principally in the wide disciplinary spread of the paper plus its focus on coevolution.
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Depositing User: Sigrid Stagl
Date Deposited: 06 Feb 2012 21:13
Last Modified: 04 Apr 2012 14:25
URI: http://sro.sussex.ac.uk/id/eprint/30349
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