Showing 1 - 10 of 166
The aim of this paper is to outline some foundational aspects of a theory of self-organising social change. Synchronous social self-organisation is based on a contradiction between structures and actors that produces emergent results. The cycle of expanded reproduction of capital outlined by...
Persistent link: https://www.econbiz.de/10014031137
This paper is about the alleged tension between methodological individualism and evolutionary ideas in the work of Friedrich Hayek. This issue is much debated, but I focus my attention on a quite original incompatibility argument by Geoffrey Hodgson. Hodgson sympathizes with the evolutionary...
Persistent link: https://www.econbiz.de/10014165041
In this conceptual paper, we discuss the evolutionary root causes of institutional complexity, defined as inherently incompatible prescriptions when different sources of institutions intersect at the same space and time. We suggest that societies are not delineated by clear-cut boundaries, but...
Persistent link: https://www.econbiz.de/10014079540
Purpose: We address the 'economics/cross-cultural management interface,' showing that bi-polar value perceptions fit into an agency model of an economy. Design: Modern views of economic processes have moved away from the traditional view of closed systems, with a tendency to cite them as open...
Persistent link: https://www.econbiz.de/10013103027
This paper argues that the (epi)genetic, cultural, symbolic, and environmental transmission channels are insufficient to explain the structure of modern human societies. Economic exchange of knowledge embodied in goods and services constitutes an additional transmission channel that makes more...
Persistent link: https://www.econbiz.de/10013091668
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...
Persistent link: https://www.econbiz.de/10013049009
This article illustrates a formal link between economic growth and longstanding quantitative measures of information and knowledge. The link is found by relating two concepts from evolutionary theory, namely the Price equation and bet-hedging (stochastic switching). The first part of the article...
Persistent link: https://www.econbiz.de/10013058556
The complexity of credit-money is conceived as the central issue in the banking-macro nexus, which the authors consider as a structural as well as process component of the evolving economy. This nexus is significant for the stability as well as the fragility of the economic system, because it...
Persistent link: https://www.econbiz.de/10010199689
The complexity of credit money is seen as the central issue in the banking-macro nexus, which the author considers as a structural as well as a process component of the evolving economy. This nexus is significant for the stability/fragility of the economic system because it links the monetary...
Persistent link: https://www.econbiz.de/10009683036
This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of household behavior. It shows that the goal of evolutionary economics is to improve upon neoclassical economics by incorporating more realistic and empirically grounded...
Persistent link: https://www.econbiz.de/10010390070