Institutional Cognitive Economics: some recent developments
AbstractBy investigating the connection between mind working and institutional processes, Institutional Cognitive Economics turns out to be the most appropriate in order to overcome some limits in New Institutional Economics. This leads us to develop further this approach. This paper integrates F. Hayek’s theory on knowledge production and A. Bandura’s social cognitive theory with the fertile contributions coming from Self-Organization approach and cognitive path-dependence, by considering also the recent cognitive acquisitions in D. North’s analysis. Then, it proposes a further development. Learning process is broken into smaller sub-processes, each of them is investigated through new analytical tools coming from cognitive psychology and neurobiology. They are T. Higgins’s extension of social cognitive theory and semantic priming concept. These mechanisms clarify well reinforcement and evolution processes of institutional norms, while their genesis finds a convincing explanation in social representations’ theory, as it was formulated by S. Moscovici, which investigates the imaginative dimension ordering perceived data before they are processed into new knowledge.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48278.
Date of creation: 15 Jul 2013
Date of revision:
cognitive path-dependence; institutions; knowledge activation/use; semantic priming; social cognitive theory; social representation.;
Find related papers by JEL classification:
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-20 (All new papers)
- NEP-CBE-2013-07-20 (Cognitive & Behavioural Economics)
- NEP-EVO-2013-07-20 (Evolutionary Economics)
- NEP-HME-2013-07-20 (Heterodox Microeconomics)
- NEP-HPE-2013-07-20 (History & Philosophy of Economics)
- NEP-NEU-2013-07-20 (Neuroeconomics)
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