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The rule approach in evolutionary economics: A methodological template for empirical research

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  • G. Blind
  • A. Pyka

Abstract

Dopfer and Potts ( 2008 ) have proposed a new analytic foundation to evolutionary economics based on the unified rule approach. While they contend that their approach is ontologically and analytically coherent and useful, scholars sympathetic with it, e.g., Ostrom and Basurto ( 2011 ), have called for further methodological and empirical specification. In the same vein, this paper seeks to develop the Dopfer-Potts framework by proposing an analytic methodology to translate their rule-based approach into an operational method for identifying and testing hypotheses that relate to rules. It does so by defining a methodology connecting explanandum (response rule) and explanantia (factor rules) at the same level of rules. The concept of a ‘savings rule’ serves as a roving example that later is extended into a case study. The paper offers a methodological template for applied evolutionary analysis in economics. Copyright Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • G. Blind & A. Pyka, 2014. "The rule approach in evolutionary economics: A methodological template for empirical research," Journal of Evolutionary Economics, Springer, vol. 24(5), pages 1085-1105, November.
    • Handle: RePEc:spr:joevec:v:24:y:2014:i:5:p:1085-1105
    DOI: 10.1007/s00191-014-0382-4
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    19. Andreas Pyka & Thomas Grebel, 2006. "Agent-Based Modelling — A Methodology for the Analysis of Qualitative Development Processes," Contributions to Economics, in: Francesco C. Billari & Thomas Fent & Alexia Prskawetz & Jürgen Scheffran (ed.), Agent-Based Computational Modelling, pages 17-35, Springer.
    20. Dopfer, Kurt & Potts, Jason, 2010. "Why evolutionary realism underpins evolutionary economic analysis and theory: A reply to Runde's critique," Journal of Institutional Economics, Cambridge University Press, vol. 6(3), pages 401-413, September.
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    Citations

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    Cited by:

    1. Jun, Bogang & Kim, Tai-Yoo, 2015. "A neo-Schumpeterian perspective on the analytical macroeconomic framework: The expanded reproduction system," Hohenheim Discussion Papers in Business, Economics and Social Sciences 11-2015, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    2. Blind, Georg, 2015. "Behavioural rules: Veblen, Nelson-Winter, Oström and beyond," MPRA Paper 66866, University Library of Munich, Germany.
    3. A. Madureira & F. Hartog & N. Baken, 2016. "A holonic framework to understand and apply information processes in evolutionary economics: survey and proposal," Netnomics, Springer, vol. 17(2), pages 157-190, September.
    4. Foster, John, 2021. "In search of a suitable heuristic for evolutionary economics: from generalized Darwinism to economic self-organisation," MPRA Paper 106146, University Library of Munich, Germany.
    5. Sophie Urmetzer & Michael P. Schlaile & Kristina B. Bogner & Matthias Mueller & Andreas Pyka, 2018. "Exploring the Dedicated Knowledge Base of a Transformation towards a Sustainable Bioeconomy," Sustainability, MDPI, vol. 10(6), pages 1-22, May.
    6. Blind, Georg & Lottanti von Mandach, Stefania, 2015. "Not a Coincidence: Sons-in-Law as Successors in Successful Japanese Family Firms," MPRA Paper 66695, University Library of Munich, Germany.
    7. Georg D. Blind & Raji Steineck, 2021. "The missing piece in E. Cassirer’s theory of symbolic forms: the economy," Evolutionary and Institutional Economics Review, Springer, vol. 18(1), pages 291-315, April.

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    More about this item

    Keywords

    Rule-based approach; Methodology; Economic change; Evolutionary economics; Empirical methodology; B41; O10; D83; B52; E21;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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