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

  • Agnès Festré

    ()

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - Université Nice Sophia Antipolis (UNS) - CNRS : UMR6227)

  • Pierre Garrouste

    ()

    (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris I - Panthéon-Sorbonne)

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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Paper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00346389.

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Date of creation: Sep 2009
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Publication status: Published, Review of Austrian Economics, 2009, 22, 3, 259-279
Handle: RePEc:hal:cesptp:halshs-00346389
Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00346389
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  1. Adam Gifford, 2007. "The knowledge problem, determinism, and The Sensory Order," The Review of Austrian Economics, Springer, vol. 20(4), pages 269-291, December.
  2. Bernheim, B Douglas, 1994. "A Theory of Conformity," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 841-77, October.
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  8. Luciano Andreozzi, 2005. "Hayek Reads the Literature on the Emergence of Norms," Papers on Economics and Evolution 2005-03, Philipps University Marburg, Department of Geography.
  9. Hodgson, Geoffrey M., 1991. "Hayek's Theory of Cultural Evolution: An Evaluation in the Light of Vanberg's Critique," Economics and Philosophy, Cambridge University Press, vol. 7(01), pages 67-82, April.
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  14. Birner Jack, 1995. "The surprising place of cognitive psychology in the work of F.A. Hayek," Research Memorandum 019, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  15. Garrouste, Pierre, 1994. "Menger and Hayek on Institutions: Continuity and Discontinuity," Journal of the History of Economic Thought, Cambridge University Press, vol. 16(02), pages 270-291, September.
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  17. Sethi, Rajiv & Somanathan, E, 1996. "The Evolution of Social Norms in Common Property Resource Use," American Economic Review, American Economic Association, vol. 86(4), pages 766-88, September.
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