Interconnecting Ecolutionary, Institutional and Cognitive Economics: Six Steps towards Understanding the Six Links
AbstractMany students of evolutionary, institutional, and cognitive economics have been aware that important links among these fields exist, and several authors have worked on bringing these links to light. Nevertheless, large parts of these links still remain poorly understood. Low interest in inter-field cooperation may be one reason, but difficulties in making these links accessible to meaningful analysis appear more constraining. After surveying the links, this paper proposes six steps towards overcoming these difficulties. It then examines how the three fields together may affect methods and results of economic analysis, in particular those concerning certain basic policy issues.
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Bibliographic InfoPaper provided by The Ratio Institute in its series Ratio Working Papers with number 48.
Length: 21 pages
Date of creation: 25 May 2004
Date of revision:
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Institutions; evolutions; unequally bounded cognition; program-based behaviors; information accounting; basic policy issues;
Find related papers by JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
- 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
- N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-05-26 (All new papers)
- NEP-CBE-2004-05-26 (Cognitive & Behavioural Economics)
- NEP-EVO-2004-05-26 (Evolutionary Economics)
- NEP-HPE-2004-05-26 (History & Philosophy of Economics)
- NEP-PKE-2004-05-26 (Post Keynesian Economics)
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