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Introduction to the special issue on the future of institutional and evolutionary economics

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  • HODGSON, GEOFFREY M.
  • STOELHORST, J. W.

Abstract

This special issue of the Journal of Institutional Economics on the future of institutional and evolutionary economics consists of this introduction, four full essays, and two sizeable comments. Ménard and Shirley (2014) and Ménard (2014) discuss the future of the new institutional economics, and their two essays are followed by a reflection by Hodgson. Winter (2014) and Witt (2014) discuss the future of evolutionary economics, and their essays are followed by a comment by Stoelhorst. Here, we introduce these essays and comments by putting them in a broader historical perspective. In particular, we trace the common origins of modern institutional and evolutionary economics, particularly in the work of Veblen, as well as important additional influences such as Schumpeter and Simon. We highlight how the two approaches became disconnected, and signal the possibility of, and need for, re-establishing closer connections between them. Possible elements of a future overlapping research programme are outlined.

Suggested Citation

  • Hodgson, Geoffrey M. & Stoelhorst, J. W., 2014. "Introduction to the special issue on the future of institutional and evolutionary economics," Journal of Institutional Economics, Cambridge University Press, vol. 10(4), pages 513-540, December.
    • Handle: RePEc:cup:jinsec:v:10:y:2014:i:04:p:513-540_00
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    Cited by:

    1. Groenewegen, John, 2022. "Institutional form (blueprints) and institutional function (process): Theoretical reflections on property rights and land," Land Use Policy, Elsevier, vol. 121(C).
    2. Mario Cedrini & Magda Fontana, 2018. "Just another niche in the wall? How specialization is changing the face of mainstream economics [Multidisciplinarity, interdisciplinarity, transdisciplinarity, and the sciences]," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 42(2), pages 427-451.
    3. Elert, Niklas & Henrekson, Magnus, 2021. "Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 17(4), pages 330-435, June.
    4. Joanna Dzionek-Kozlowska & Rafal Matera, 2016. "Institutions Without Culture. A Critique of Acemoglu and Robinson's Theory of Economic Development," Lodz Economics Working Papers 9/2016, University of Lodz, Faculty of Economics and Sociology.
    5. Angela Ambrosino & Magda Fontana & Anna Azzurra Gigante, 2018. "Shifting Boundaries In Economics: The Institutional Cognitive Strand And The Future Of Institutional Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 32(3), pages 767-791, July.
    6. Elert, Niklas & Henrekson, Magnus, 2020. "Collaborative innovation blocs and antifragility," Journal of Institutional Economics, Cambridge University Press, vol. 16(4), pages 537-552, August.
    7. Olivier Brette & Nathalie Lazaric & Victor Vieira da Silva, 2017. "Habit, decision making, and rationality : comparing Veblen and early Herbert Simon," Post-Print halshs-01310305, HAL.
    8. Verónica Robert & Gabriel Yoguel & Octavio Lerena, 2017. "The ontology of complexity and the neo-Schumpeterian evolutionary theory of economic change," Journal of Evolutionary Economics, Springer, vol. 27(4), pages 761-793, September.
    9. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    10. Syed Ali Ahmed & Asma Hyder, 2023. "Institutions and the Economic Growth," Social Inequality Lab Working Paper Series wpsil2, School of Economics and Social Sciences, IBA Karachi.
    11. Richard R. Nelson, 2016. "Behavior and cognition of economic actors in evolutionary economics," Journal of Evolutionary Economics, Springer, vol. 26(4), pages 737-751, October.
    12. Geoffrey M. Hodgson & Juha-Antti Lamberg, 2018. "The past and future of evolutionary economics: some reflections based on new bibliometric evidence," Evolutionary and Institutional Economics Review, Springer, vol. 15(1), pages 167-187, June.
    13. Sidney G. Winter, 2016. "The place of entrepreneurship in “The Economics that Might Have Been”," Small Business Economics, Springer, vol. 47(1), pages 15-34, June.
    14. Angela Ambrosino & Paolo Silvestri, 2020. "Hodgson: An Institution Across Disciplinary Barriers," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 54(2), pages 329-348, December.
    15. Bridget O'Laughlin & Julien-François Gerber, 2016. "Forum 2016," Development and Change, International Institute of Social Studies, vol. 47(4), pages 902-917, July.
    16. Aziz, Omar Ghazy, 2018. "Institutional quality and FDI inflows in Arab economies," Finance Research Letters, Elsevier, vol. 25(C), pages 111-123.
    17. Marcelo Arend & Vinicius Zuniga Fagotti & Glaison Augusto Guerrero & Pedro Cezar Dutra Fonseca & Julimar da Silva Bichara, 2023. "Development strategies and path dependence: Institutional elements for making sense of Brazil's falling behind and South Korea's forging ahead," PSL Quarterly Review, Economia civile, vol. 76(305), pages 155-180.
    18. Angela Ambrosino & Luca Storti, 2020. "Interdisciplinaritˆ nella teoria economica: riflessioni sulle spalle di Paolo Sylos Labini (Interdisciplinarity and economic theory: Paolo Sylos LabiniÕs legacy)," Moneta e Credito, Economia civile, vol. 73(292), pages 285-300.

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