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The economic analysis of social norms: A reappraisal of Hayek’s legacy

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  • Agnès Festré
  • Pierre Garrouste

Abstract

This paper is organized as follows : First we show that the reference to the notion of group selection is coherent with the other parts of Hayek's thought. Second we develop the idea that recent works in terms of the emergence and evolution of social norms corroborate in part Hayek's theses in this domain. Finally we put to the fore some drawbacks in Hayek's approach and propose means to solve them.
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  • Agnès Festré & Pierre Garrouste, 2009. "The economic analysis of social norms: A reappraisal of Hayek’s legacy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 259-279, September.
    • Handle: RePEc:kap:revaec:v:22:y:2009:i:3:p:259-279
    DOI: 10.1007/s11138-009-0083-7
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    Cited by:

    1. Brette, Olivier & Buhler, Thomas & Lazaric, Nathalie & Marechal, Kevin, 2014. "Reconsidering the nature and effects of habits in urban transportation behavior," Journal of Institutional Economics, Cambridge University Press, vol. 10(3), pages 399-426, September.
    2. Marco, Passarella & Hervé, Baron, 2010. "Concorrenza senza equilibrio. La "scoperta imprenditoriale" nella Teoria Economica Austriaca [Competition without equilibrium. The 'entrepreneurial discovery' in Austrian Economic Theory]," MPRA Paper 28505, University Library of Munich, Germany.
    3. Agnès Festré, 2019. "Michael Polanyi' Vision of Economics: Spanning Hayek and Keynes," GREDEG Working Papers 2019-41, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    4. Agnès Festré, 2015. "Michael Polanyi's Economics: A Strange Rapprochement," GREDEG Working Papers 2015-36, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, revised Oct 2018.
    5. Festré, Agnès, 2021. "Michael Polanyi’s vision of government and economics: Spanning Hayek and Keynes," Journal of Government and Economics, Elsevier, vol. 4(C).
    6. Agnès Festré & Pierre Garrouste, 2016. "Hayek on Expectations: The Interplay between two Complex Systems," GREDEG Working Papers 2016-13, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    7. Charis Vlados & Dimos Chatzinikolaou, 2019. "Towards a Restructuration of the Conventional SWOT Analysis," Business and Management Studies, Redfame publishing, vol. 5(2), pages 76-84, June.

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    More about this item

    Keywords

    Hayek; Social norms; Emergence and evolution; Coherence; Relevance; B25; B3; D0;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • D0 - Microeconomics - - General

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