Emergence of Institutions: Methodological Individualism Perspective
AbstractThe problem of institutions’ emergence is studied in the paper from the methodological individualism perspective. Special attention is paid to spontaneous emergence of institutions, the model "expectation (forecast) — break of expectation — frustration — aggression (punishment)" is suggested. The situations of institutions’ emergence via voluntary agreement and via compulsory adoption are also analyzed. It is shown that in all the cases institutions’ emergence can be explained basing on the methodological individualism perspective.
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Bibliographic InfoArticle provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal Voprosy Economiki.
Volume (Year): 11 (2010)
Issue (Month): ()
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