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Meta-Rules

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  • Mark Schreiner

    (Washington University in St. Louis)

Abstract

Meta-rules, or rules for making rules, determine the costs of innovation and thus the pace of economic growth. Adapting rules to a changing economic environment through explicit, well-designed meta-rules makes economic growth quicker, less painful, and more certain than adapting rules through chance-based evolution.

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Bibliographic Info

Paper provided by EconWPA in its series Development and Comp Systems with number 0109006.

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Date of creation: 05 Sep 2001
Date of revision: 27 Dec 2001
Handle: RePEc:wpa:wuwpdc:0109006

Note: Type of Document - Adobe Acrobat 3.0; prepared on Windows 98; to print on Adobe Acrobat 3.0; pages: ; figures: Included in pdf file
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Web page: http://128.118.178.162

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Keywords: meta; theory; economics of economics; evolutionary economics;

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  1. North, Douglass C., 1993. "Economic Performance through Time," Nobel Prize in Economics documents, Nobel Prize Committee 1993-2, Nobel Prize Committee.
  2. Douglass C. North & Robert Paul Thomas, 1970. "An Economic Theory of the Growth of the Western World," Economic History Review, Economic History Society, Economic History Society, vol. 23(1), pages 1-17, 04.
  3. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 38(3), pages 595-613, September.
  4. Arthur J. Robson, 2001. "The Biological Basis of Economic Behavior," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 39(1), pages 11-33, March.
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