IDEAS home Printed from https://ideas.repec.org/a/fle/journl/v54y2020i2p329-348.html
   My bibliography  Save this article

Hodgson: An Institution Across Disciplinary Barriers

Author

Listed:
  • Angela Ambrosino

    (Università di Torino)

  • Paolo Silvestri

    (Università di Torino)

Abstract

Hodgson is a scholar who has reflected a lifetime on the role, meaning and importance of institutions in and for the economy. In turn, he has also created ‘Institutions’. The time seems ripe to celebrate his work. In this review essay we will first attempt to summarize the chapters of Institutions and Evolution of Capitalism. Essays in Honour of Geoffrey M. Hodgson, as well as to emphasize how the contributions to the book are situated in the vast horizon of Hodgson’s thinking and/or how contributors engage with it. We will then hazard a few conclusive reflections drawing inspiration from Hodgson’s remarks in the final chapter, where he links the problematic economic conceptions of man to rule-following behavior, as well as the problem of moral, legal and political obligation, and discusses the future of Institutional studies across disciplinary barriers.

Suggested Citation

  • Angela Ambrosino & Paolo Silvestri, 2020. "Hodgson: An Institution Across Disciplinary Barriers," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 54(2), pages 329-348, December.
    • Handle: RePEc:fle:journl:v:54:y:2020:i:2:p:329-348
    DOI: 10.26331/1129
    as

    Download full text from publisher

    File URL: https://www.annalsfondazioneluigieinaudi.it/images/LIV/2020-2-017-Ambrosino.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26331/1129?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kesting, Stefan & Negru, Ioana & Silvestri, Paolo, 2020. "Institutional analysis and the gift: an introduction to the symposium," Journal of Institutional Economics, Cambridge University Press, vol. 16(5), pages 665-674, October.
    2. Ugo Pagano, 2019. "Property, possession and knowledge," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 11, pages 157-177, Edward Elgar Publishing.
    3. J. Stanley Metcalfe, 2019. "Industry and Trade: Marshall’s magnificent dynamics," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 14, pages 215-230, Edward Elgar Publishing.
    4. Geoffrey M. Hodgson (ed.), 2012. "Mathematics and Modern Economics," Books, Edward Elgar Publishing, number 14735.
    5. Anonymous, 2014. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 9(1), pages 1-2, May.
    6. G. Hodgson, 2007. "What Are Institutions?," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    7. Tony Lawson, 2019. "Mathematical modelling in economics: seeking a rationale," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 3, pages 29-43, Edward Elgar Publishing.
    8. Geoffrey M. Hodgson, 2016. "Varieties of Capitalism: Some Philosophical and Historical Considerations," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(3), pages 941-960.
    9. Viktor J. Vanberg, 2019. "Cultural evolution, group selection and downward causation," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 16, pages 250-263, Edward Elgar Publishing.
    10. Cedrini, Mario Aldo & Ambrosino, Angela & Marchionatti, Roberto & Caillé, Alain, 2020. "Mauss's The Gift, or the necessity of an institutional perspective in economics," Journal of Institutional Economics, Cambridge University Press, vol. 16(5), pages 687-701, October.
    11. Simon Deakin, 2019. "Juridical ontology and the theory of the firm," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 9, pages 127-141, Edward Elgar Publishing.
    12. Jack Vromen, 2019. "Generalized Darwinism, routines and morality," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 17, pages 264-281, Edward Elgar Publishing.
    13. Hodgson, Geoffrey M., 2014. "On fuzzy frontiers and fragmented foundations: some reflections on the original and new institutional economics," Journal of Institutional Economics, Cambridge University Press, vol. 10(4), pages 591-611, December.
    14. Geoffrey M. Hodgson, 2002. "Darwinism in economics: from analogy to ontology," Journal of Evolutionary Economics, Springer, vol. 12(3), pages 259-281.
    15. Geoffrey Hodgson, 2002. "The Legal Nature of the Firm and the Myth of the Firm-Market Hybrid," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(1), pages 37-60.
    16. Francesca Gagliardi & David Gindis & Geoffrey M. Hodgson, 2019. "A conversation with Geoff Hodgson," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 21, pages 328-352, Edward Elgar Publishing.
    17. John B. Davis, 2019. "Hodgson, cumulative causation and reflexive economic agents," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 6, pages 78-91, Edward Elgar Publishing.
    18. Geoffrey Hodgson, 2010. "Choice, habit and evolution," Journal of Evolutionary Economics, Springer, vol. 20(1), pages 1-18, January.
    19. Richard N. Langlois, 2019. "The corporation is not a nexus of contracts: it’s an iPhone," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 10, pages 142-156, Edward Elgar Publishing.
    20. Hodgson, Geoffrey M., 1991. "Hayek's Theory of Cultural Evolution: An Evaluation in the Light of Vanberg's Critique," Economics and Philosophy, Cambridge University Press, vol. 7(1), pages 67-82, April.
    21. Gindis, David & Hodgson, Geoffrey M. & Huang, Kainan & Pistor, Katharina, 2017. "Legal institutionalism: Capitalism and the constitutive role of lawAuthor-Name: Deakin, Simon," Journal of Comparative Economics, Elsevier, vol. 45(1), pages 188-200.
    22. Thorbjørn Knudsen, 2019. "The role of selection processes in organizational evolution," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 19, pages 299-313, Edward Elgar Publishing.
    23. Geoffrey M. Hodgson, 2003. "Darwinism and Institutional Economics," Journal of Economic Issues, Taylor & Francis Journals, vol. 37(1), pages 85-97, March.
    24. Charles Camic, 2019. "The rest of the resume: Veblen’s teaching and service activities," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 5, pages 62-77, Edward Elgar Publishing.
    25. Vanberg, Viktor, 1986. "Spontaneous Market Order and Social Rules," Economics and Philosophy, Cambridge University Press, vol. 2(1), pages 75-100, April.
    26. Geoffrey M. Hodgson, 1999. "Evolution and Institutions," Books, Edward Elgar Publishing, number 1481.
    27. Giovanni Dosi & Luigi Marengo & Alessandro Nuvolari, 2019. "Institutions are neither autistic maximizers nor flocks of birds: self-organization, power and learning in human organizations," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 13, pages 194-213, Edward Elgar Publishing.
    28. Philip Mirowski, 2019. "Dissembling nature, elusive economy," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 4, pages 44-61, Edward Elgar Publishing.
    29. J.W. Stoelhorst, 2019. "Generalized Darwinism, the nature of selection and market efficiency," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 15, pages 231-249, Edward Elgar Publishing.
    30. Markus C. Becker, 2019. "The ubiquity of habits and routines and their contribution to management theory," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 18, pages 282-298, Edward Elgar Publishing.
    31. Anonymous, 2014. "Introduction to the Issue," Journal of Wine Economics, Cambridge University Press, vol. 9(2), pages 109-110, August.
    32. Kurt Dopfer & Jason Potts, 2019. "Why is evolutionary economics not an empirical science?," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 20, pages 314-326, Edward Elgar Publishing.
    33. Hudik, Marek & Fang, Eddy S., 2020. "Money or in-kind gift? Evidence from red packets in China," Journal of Institutional Economics, Cambridge University Press, vol. 16(5), pages 731-746, October.
    34. Sheila C. Dow, 2019. "Geoff Hodgson on pluralism and historical specificity," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 2, pages 14-28, Edward Elgar Publishing.
    35. Hodgson, Geoffrey M. & Stoelhorst, J. W., 2014. "Introduction to the special issue on the future of institutional and evolutionary economics," Journal of Institutional Economics, Cambridge University Press, vol. 10(4), pages 513-540, December.
    36. Hodgson, Geoffrey M, 1998. "On the Evolution of Thorstein Veblen's Evolutionary Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(4), pages 415-431, July.
    37. John Groenewegen, 2019. "Bridging Original and New Institutional Economics?," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 7, pages 93-109, Edward Elgar Publishing.
    38. Francesca Gagliardi & David Gindis, 2019. "Institutions and evolution of capitalism in Geoff Hodgson’s work," Chapters, in: Francesca Gagliardi & David Gindis (ed.), Institutions and Evolution of Capitalism, chapter 1, pages 2-12, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    2. Olivier Brette & Nathalie Lazaric & Victor Vieira da Silva, 2017. "Habit, decision making, and rationality : comparing Veblen and early Herbert Simon," Post-Print halshs-01310305, HAL.
    3. Angela Ambrosino & Magda Fontana & Anna Azzurra Gigante, 2018. "Shifting Boundaries In Economics: The Institutional Cognitive Strand And The Future Of Institutional Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 32(3), pages 767-791, July.
    4. Geoffrey M. Hodgson & Juha-Antti Lamberg, 2018. "The past and future of evolutionary economics: some reflections based on new bibliometric evidence," Evolutionary and Institutional Economics Review, Springer, vol. 15(1), pages 167-187, June.
    5. Angela Ambrosino & Luca Storti, 2020. "Interdisciplinaritˆ nella teoria economica: riflessioni sulle spalle di Paolo Sylos Labini (Interdisciplinarity and economic theory: Paolo Sylos LabiniÕs legacy)," Moneta e Credito, Economia civile, vol. 73(292), pages 285-300.
    6. Joanna Dzionek-Kozlowska & Rafal Matera, 2016. "Institutions Without Culture. A Critique of Acemoglu and Robinson's Theory of Economic Development," Lodz Economics Working Papers 9/2016, University of Lodz, Faculty of Economics and Sociology.
    7. Vicente Ferreira, 2019. "Why Economics Must be an Evolutionary Science," Working Papers Department of Economics 2019/01, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    8. Nooteboom Bart, 2014. "In What Sense do Firms Evolve?," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 234(2-3), pages 185-209, April.
    9. Elert, Niklas & Henrekson, Magnus, 2021. "Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 17(4), pages 330-435, June.
    10. Bridget O'Laughlin & Julien-François Gerber, 2016. "Forum 2016," Development and Change, International Institute of Social Studies, vol. 47(4), pages 902-917, July.
    11. Elert, Niklas & Henrekson, Magnus, 2020. "Collaborative innovation blocs and antifragility," Journal of Institutional Economics, Cambridge University Press, vol. 16(4), pages 537-552, August.
    12. Mario Cedrini & Magda Fontana, 2018. "Just another niche in the wall? How specialization is changing the face of mainstream economics [Multidisciplinarity, interdisciplinarity, transdisciplinarity, and the sciences]," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(2), pages 427-451.
    13. Verónica Robert & Gabriel Yoguel & Octavio Lerena, 2017. "The ontology of complexity and the neo-Schumpeterian evolutionary theory of economic change," Journal of Evolutionary Economics, Springer, vol. 27(4), pages 761-793, September.
    14. Richard R. Nelson, 2016. "Behavior and cognition of economic actors in evolutionary economics," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 737-751, October.
    15. Sidney G. Winter, 2016. "The place of entrepreneurship in “The Economics that Might Have Been”," Small Business Economics, Springer, vol. 47(1), pages 15-34, June.
    16. CHEN, Helen S.Y., 2020. "Designing Sustainable Humanitarian Supply Chains," OSF Preprints m82ar, Center for Open Science.
    17. Jochen Wulf, 2020. "Development of an AHP hierarchy for managing omnichannel capabilities: a design science research approach," Business Research, Springer;German Academic Association for Business Research, vol. 13(1), pages 39-68, April.
    18. Maggie O’Neill & Ruth Penfold-Mounce & David Honeywell & Matt Coward-Gibbs & Harriet Crowder & Ivan Hill, 2021. "Creative Methodologies for a Mobile Criminology: Walking as Critical Pedagogy," Sociological Research Online, , vol. 26(2), pages 247-268, June.
    19. Getz, Donald & Page, Stephen J., 2016. "Progress and prospects for event tourism research," Tourism Management, Elsevier, vol. 52(C), pages 593-631.
    20. Schipper, Burkhard C., 2021. "Discovery and equilibrium in games with unawareness," Journal of Economic Theory, Elsevier, vol. 198(C).

    More about this item

    Keywords

    Geoffrey Hodgson; Institutional Economics; Evolutionary Economics; Economic Methodology; Capitalism;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • Y3 - Miscellaneous Categories - - Book Reviews

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fle:journl:v:54:y:2020:i:2:p:329-348. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mario Aldo Cedrini (email available below). General contact details of provider: https://edirc.repec.org/data/fleinit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.