Veblen's "Instinct of Workmanship," its Cognitive Foundations, and Some Implications for Economic Theory
AbstractThis paper delivers some findings from the present-day cognitive sciences on man’s cognitive dispositions that support aspects of Veblen’s "nstinct of workmanship," which is an essential starting point of his evolutionary theory of institutional change. These cognitive dispositions partly govern which information will be subject to profound contemplation and be easy to disseminate within a population. Furthermore, they may give rise to a bias in human creativity. As a result, some cognitive foundations of the "nstinct of workmanship" may induce a general direction in long-term economic development by influencing the continuous accretion of knowledge during cultural evolution.
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Bibliographic InfoPaper provided by Max Planck Institute of Economics, Evolutionary Economics Group in its series Papers on Economics and Evolution with number 2004-01.
Length: 20 pages
Date of creation: Jan 2004
Date of revision:
Find related papers by JEL classification:
- B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Institutional; Evolutionary
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-03-22 (All new papers)
- NEP-CBE-2004-03-22 (Cognitive & Behavioural Economics)
- NEP-DEV-2004-03-22 (Development)
- NEP-HPE-2004-03-22 (History & Philosophy of Economics)
- NEP-PKE-2004-03-22 (Post Keynesian Economics)
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