Land Use Systems and Property Rights: Evolutionary versus New Institutional Economics.

Two lines of reasoning on very long-term socio-economic change, which was a basic issue of classical economic thinking, are confronted: New Institutional Economics (NIE) and Evolutionary Economics (EE). It is demonstrated that EE offers an explanation which is both more consistent and more comprehensive. The case in point is the first economic revolution.

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Year of publication:	1992
Authors:	Hesse, Gunter
Published in:	Journal of Evolutionary Economics. - Springer. - Vol. 2.1992, 3, p. 195-210
Publisher:	Springer

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005760596