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The Foundations of Evolutionary Institutional E, Scholz-Wackerl
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Item specifics
- Condition
- PublishedOn
- 2013-07-26
- Title
- The Foundations of Evolutionary Institutional Economics: Generic
- Artist
- Not Specified
- ISBN
- 9780415810760
- Publication Name
- The Foundations of Evolutionary Institutional Economics: Generic Institutionalism
- Publisher
- Taylor & Francis LTD
- Subject
- Economics
- Publication Year
- 2013
- Series
- Routledge Advances in Heterodox Economics
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Item Height
- 234 mm
- Item Weight
- 658 g
- Item Width
- 156 mm
- Number of Pages
- 354 Pages
About this product
Product Information
Generic institutionalism offers a new perspective on institutional economic change within an evolutionary framework. The institutional landscape shapes the social fabric and economic organization in manifold ways. The book elaborates on the ubiquity of such institutional forms with regards to their emergence, durability and exit in social agency-structure relations. Thereby institutions are considered as social learning environments changing the knowledge base of the economy along generic rule-sets in non-nomological ways from within. Specific attention is given to a theoretical structuring of the topic in ontology, heuristics and methodology. Part I introduces a generic naturalistic ontology by comparing prevalent ontological claims in evolutionary economics and preparing them for a broader pluralist and interdisciplinary discourse. Part II reconsiders these ontological claims and confronts it with prevalent heuristics, conceptualizations and projections of institutional change. In this respect the book revisits the institutional economic thought of Thorstein Veblen, Friedrich August von Hayek, Joseph Alois Schumpeter and Pierre Bourdieu. A synthesis is suggested in an application of the generic rule-based approach. Part III discusses the implementation of rule-based bottom-up models of institutional change and provides a basic prototype agent-based computational simulation. The evolution of power relations plays an important role in the programming of real-life communication networks. This notion characterizes the discussed policy realms (Part IV) of ecological and financial sustainability as tremendously complex areas of institutional change in political economy, leading to the concluding topic of democracy in practice. The novelty of this approach is given by its modular theoretical structure. It turns out that institutional change is carried substantially by affective social orders in contrast to rational orders as communicated in orthodox economic realms. The characteristics of affective orders are derived theoretically from intersections between ontology and heuristics, where interdependencies between instinct, cognition, rationality, reason, social practice, habit, routine or disposition are essential for the embodiment of knowledge. This kind of research indicates new generic directions to study social learning in particular and institutional evolution in general.
Product Identifiers
Publisher
Taylor & Francis LTD
ISBN-13
9780415810760
eBay Product ID (ePID)
154443883
Product Key Features
Number of Pages
354 Pages
Publication Name
The Foundations of Evolutionary Institutional Economics: Generic Institutionalism
Language
English
Subject
Economics
Publication Year
2013
Type
Textbook
Series
Routledge Advances in Heterodox Economics
Format
Hardcover
Dimensions
Item Height
234 mm
Item Weight
658 g
Item Width
156 mm
Additional Product Features
Country/Region of Manufacture
United Kingdom
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