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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 - CNRS : UMR6227 - Université de Nice Sophia-Antipolis)
Pierre Garrouste () (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Panthéon-Sorbonne - Paris I)

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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_v1.

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Date of creation: Sep 2009
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Publication status: Published, The Review of Austrian Economics, 2009, 22, 3, 259-279
Handle: RePEc:hal:cesptp:halshs-00346389_v1

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Related research
Keywords: Hayek ; social norms ; emergence and evolution ; coherence ; relevance;

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  3. Ernst Fehr & Simon Gachter, 2000. "Cooperation and Punishment in Public Goods Experiments," American Economic Review, American Economic Association, vol. 90(4), pages 980-994, September. [Downloadable!] (restricted)
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  4. Jeffery Carpenter & Samuel Bowles & Herbert Gintis, 2006. "Mutual Monitoring in Teams: Theory and Experimental Evidence on the Importance of Reciprocity," Middlebury College Working Paper Series 0608, Middlebury College, Department of Economics. [Downloadable!]
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  5. Adam Gifford, 2007. "The knowledge problem, determinism, and The Sensory Order," The Review of Austrian Economics, Springer, vol. 20(4), pages 269-291, December. [Downloadable!] (restricted)
  6. Birner,Jack, 1995. "The surprising place of cognitive psychology in the work of F.A. Hayek," Research Memoranda 019, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
  7. U. Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Max Planck Institute of Economics, Evolutionary Economics Group.
  8. Bernheim, B Douglas, 1994. "A Theory of Conformity," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 841-77, October. [Downloadable!] (restricted)
  9. Luciano Andreozzi, 2005. "Hayek Reads the Literature on the Emergence of Norms," Constitutional Political Economy, Springer, vol. 16(3), pages 227-247, 09. [Downloadable!] (restricted)
  10. L. Andreozzi, 2005. "Hayek Reads the Literature on the Emergence of Norms," Papers on Economics and Evolution 2005-03, Max Planck Institute of Economics, Evolutionary Economics Group. [Downloadable!]
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