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The economic analysis of social norms: A reappraisal of Hayek's legacy

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Author Info

  • Agnès Festré

    ()
    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - Université Nice Sophia Antipolis (UNS) - CNRS : UMR6227)

  • Pierre Garrouste

    ()
    (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris I - Panthéon-Sorbonne)

Abstract

This paper is organized as follows : First we show that the reference to the notion of group selection is coherent with the other parts of Hayek's thought. Second we develop the idea that recent works in terms of the emergence and evolution of social norms corroborate in part Hayek's theses in this domain. Finally we put to the fore some drawbacks in Hayek's approach and propose means to solve them.

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Paper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00346389.

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Date of creation: Sep 2009
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Publication status: Published, Review of Austrian Economics, 2009, 22, 3, 259-279
Handle: RePEc:hal:cesptp:halshs-00346389

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00346389
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Keywords: Hayek ; social norms ; emergence and evolution ; coherence ; relevance;

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References

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  1. 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, Cambridge University Press, vol. 7(01), pages 67-82, April.
  2. Luciano Andreozzi, 2005. "Hayek Reads the Literature on the Emergence of Norms," Papers on Economics and Evolution 2005-03, Philipps University Marburg, Department of Geography.
  3. Ernst Fehr & Simon Gaechter, 1999. "Cooperation and Punishment in Public Goods Experiments," CESifo Working Paper Series 183, CESifo Group Munich.
  4. Hodgson, Geoffrey M, 1992. "Thorstein Veblen and Post-Darwinian Economics," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 16(3), pages 285-301, September.
  5. Ragip Ege, 1992. "Émergence du marché concurrentiel et évolutionnisme chez Hayek," Revue Économique, Programme National Persée, Programme National Persée, vol. 43(6), pages 1007-1036.
  6. Ulrich Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Philipps University Marburg, Department of Geography.
  7. Leonid Hurwicz, 1994. "Economic design, adjustment processes, mechanisms, and institutions," Review of Economic Design, Springer, Springer, vol. 1(1), pages 1-14, December.
  8. Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 99(394), pages 116-31, March.
  9. Sethi, Rajiv & Somanathan, E, 1996. "The Evolution of Social Norms in Common Property Resource Use," American Economic Review, American Economic Association, American Economic Association, vol. 86(4), pages 766-88, September.
  10. Garrouste, Pierre, 1994. "Menger and Hayek on Institutions: Continuity and Discontinuity," Journal of the History of Economic Thought, Cambridge University Press, Cambridge University Press, vol. 16(02), pages 270-291, September.
  11. Adam Gifford, 2007. "The knowledge problem, determinism, and The Sensory Order," The Review of Austrian Economics, Springer, Springer, vol. 20(4), pages 269-291, December.
  12. Birner,Jack, 1995. "The surprising place of cognitive psychology in the work of F.A. Hayek," Research Memorandum, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR) 019, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  13. Bernheim, B Douglas, 1994. "A Theory of Conformity," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 102(5), pages 841-77, October.
  14. John C. Harsanyi & Reinhard Selten, 1988. "A General Theory of Equilibrium Selection in Games," MIT Press Books, The MIT Press, The MIT Press, edition 1, volume 1, number 0262582384, December.
  15. Carpenter, Jeffrey P. & Bowles, Samuel & Gintis, Herbert, 2006. "Mutual Monitoring in Teams: Theory and Experimental Evidence on the Importance of Reciprocity," IZA Discussion Papers 2106, Institute for the Study of Labor (IZA).
  16. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, American Economic Association, vol. 93(5), pages 1449-1475, December.
  17. Ragip Ege, 1992. "Émergence du marché concurrentiel et évolutionnisme chez Hayek," Revue économique, Presses de Sciences-Po, Presses de Sciences-Po, vol. 0(6), pages 1007-1036.
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Cited by:
  1. Marco, Passarella & Hervé, Baron, 2010. "Concorrenza senza equilibrio. La "scoperta imprenditoriale" nella Teoria Economica Austriaca
    [Competition without equilibrium. The 'entrepreneurial discovery' in Austrian Economic Theory]
    ," MPRA Paper 28505, University Library of Munich, Germany.
  2. Olivier Brette & Thomas Buhler & Nathalie Lazaric & Kevin Marechal, 2014. "Reconsidering the Nature and Effects of Habits in Urban Transportation Behaviour," GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis 2014-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.

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