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The emergence and evolution of institutions. Connections between institutional economics and the austrian school

  • Andreea Oana Iacobuta


    (The Department of Economics, Quantitative Analysis and Business Information Systems, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University)

This article aims at analyzing the similar viewpoints between the Austrian approaches of institutions and what we call today (new)institutional economics. We assume the hypothesis that when it comes to the emergence and evolution of institutions, the Austrian School has inspired, explicitly or not, the recent contributions in this area. We focus mostly on the contributions of Carl Menger and Friedrich von Hayek, considered to have achieved the most advanced level in the evolutionary perspective of the Austrian tradition.

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Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi.

Volume (Year): 54 (2007)
Issue (Month): (November)
Pages: 133-137

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Handle: RePEc:aic:journl:y:2007:v:14:p:133-137
Contact details of provider: Postal: Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi
Phone: 004 0232 201070
Fax: 004 0232 217000
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  1. Pierre Garrouste, 2008. "The Austrian roots of the economics of institutions," The Review of Austrian Economics, Springer, vol. 21(4), pages 251-269, December.
  2. Gloria-Palermo, Sandye, 1999. " An Austrian Dilemma: Necessity and Impossibility of a Theory of Institutions," The Review of Austrian Economics, Springer, vol. 11(1-2), pages 31-45.
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