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Hayek Reads the Literature on the Emergence of Norms

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  • Luciano Andreozzi

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Abstract

Hayek’s approach to cultural and institutional evolution has been frequently criticized because it is explicitly based on the controversial notion of (cultural) group selection. In this paper this criticism is rejected on the basis of recent works on biological and cultural evolution. The paper’s main contention is that Hayek employed group selection as a tool for the explanation of selection among several equilibria, and not as a vehicle for the emergence of out of equilibrium behavior (i.e., altruism). The paper shows that Hayek’s ideas foreshadowed some of the most promising developments in the current literature on the emergence of norms. Copyright Springer Science+Business Media, Inc. 2005

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File URL: http://hdl.handle.net/10.1007/s10602-005-2832-3
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Bibliographic Info

Article provided by Springer in its journal Constitutional Political Economy.

Volume (Year): 16 (2005)
Issue (Month): 3 (09)
Pages: 227-247

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Handle: RePEc:kap:copoec:v:16:y:2005:i:3:p:227-247

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Web page: http://www.springerlink.com/link.asp?id=102866

Related research

Keywords: Hayek; cultural evolution; group selection; social norms;

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References

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  1. Joerg Oechssler, 1994. "Decentralization and the Coordination Problem," Game Theory and Information 9403004, EconWPA.
  2. Sethi, Rajiv & Somanathan, E, 1996. "The Evolution of Social Norms in Common Property Resource Use," American Economic Review, American Economic Association, vol. 86(4), pages 766-88, September.
  3. Vanberg, Viktor, 1986. "Spontaneous Market Order and Social Rules," Economics and Philosophy, Cambridge University Press, vol. 2(01), pages 75-100, April.
  4. Bhaskar, V & Vega-Redondo, F, 1996. "Migration and the Evolution of Conventions," UFAE and IAE Working Papers 354.96, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  5. José Canals & Fernando Vega-Redondo, 1998. "Multi-level evolution in population games," International Journal of Game Theory, Springer, vol. 27(1), pages 21-35.
  6. Daniel Friedman, 1998. "On economic applications of evolutionary game theory," Journal of Evolutionary Economics, Springer, vol. 8(1), pages 15-43.
  7. Gale, John & Binmore, Kenneth G. & Samuelson, Larry, 1995. "Learning to be imperfect: The ultimatum game," Games and Economic Behavior, Elsevier, vol. 8(1), pages 56-90.
  8. De Vlieghere, Martin, 1994. "A Reappraisal of Friedrich A. Hayek's Cultural Evolutionism," Economics and Philosophy, Cambridge University Press, vol. 10(02), pages 285-304, October.
  9. M. Kandori & G. Mailath & R. Rob, 1999. "Learning, Mutation and Long Run Equilibria in Games," Levine's Working Paper Archive 500, David K. Levine.
  10. Jorgen W. Weibull, 1997. "Evolutionary Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262731215.
  11. Dieckmann, Tone, 1999. "The evolution of conventions with mobile players," Journal of Economic Behavior & Organization, Elsevier, vol. 38(1), pages 93-111, January.
  12. repec:att:wimass:9323 is not listed on IDEAS
  13. 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(01), pages 67-82, April.
  14. Andy Denis, 2002. "Was Hayek a Panglossian Evolutionary Theorist? A Reply to Whitman," Constitutional Political Economy, Springer, vol. 13(3), pages 275-285, September.
  15. repec:att:wimass:9325 is not listed on IDEAS
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Cited by:
  1. repec:hal:journl:halshs-00346389 is not listed on IDEAS
  2. Agnès Festré & Pierre Garrouste, 2008. "L'analyse économique des normes sociales : une réévaluation de l'héritage hayékien," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00270841, HAL.
  3. Agnès Festré & Pierre Garrouste, 2009. "The economic analysis of social norms: A reappraisal of Hayek’s legacy," The Review of Austrian Economics, Springer, vol. 22(3), pages 259-279, September.

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