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Is there compatibility between Nelson’s ‘Social Technology’ and Hodgson’s ‘Veblenian Causality’?

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  • Octavio A. C. Conceição

Abstract

This paper aims to discuss the role and the relationship among the concept of institutions and the economic growth process, through the Neo-Schumpeterian and Institutionalist approaches. Both of them constitute a new research agenda differentiated and opposite to the mainstream. In the first part of the paper we discuss the research agenda proposed by Richard Nelson who emphasizes the necessity to unpack the institution concept throughout the social technology notion. In the second part we discuss Geoffrey Hodgson’s contribution that suggests ing this process in an evolutionary perspective, which has in habits, norms and social behavior his major characteristic. JEL Classification: B52; B25.

Suggested Citation

  • Octavio A. C. Conceição, 2012. "Is there compatibility between Nelson’s ‘Social Technology’ and Hodgson’s ‘Veblenian Causality’?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(1), pages 109-127.
    • Handle: RePEc:ekm:repojs:v:32:y:2012:i:1:p:109-127:id:344
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    Keywords

    institutions; technology; economic growth; evolutionism;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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