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Institutional Cognitive Economics: some recent developments


  • Gigante, Anna Azzurra


By investigating the connection between mind working and institutional processes, Institutional Cognitive Economics turns out to be the most appropriate in order to overcome some limits in New Institutional Economics. This leads us to develop further this approach. This paper integrates F. Hayek’s theory on knowledge production and A. Bandura’s social cognitive theory with the fertile contributions coming from Self-Organization approach and cognitive path-dependence, by considering also the recent cognitive acquisitions in D. North’s analysis. Then, it proposes a further development. Learning process is broken into smaller sub-processes, each of them is investigated through new analytical tools coming from cognitive psychology and neurobiology. They are T. Higgins’s extension of social cognitive theory and semantic priming concept. These mechanisms clarify well reinforcement and evolution processes of institutional norms, while their genesis finds a convincing explanation in social representations’ theory, as it was formulated by S. Moscovici, which investigates the imaginative dimension ordering perceived data before they are processed into new knowledge.

Suggested Citation

  • Gigante, Anna Azzurra, 2013. "Institutional Cognitive Economics: some recent developments," MPRA Paper 48278, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:48278

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    References listed on IDEAS

    1. Cristiano Antonelli & Francesco Crespi & Giuseppe Scellato, 2013. "Internal and external factors in innovation persistence," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(3), pages 256-280, April.
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    5. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    6. Oliver Williamson, 2009. "Pragmatic methodology: a sketch, with applications to transaction cost economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 16(2), pages 145-157.
    7. Roberta Patalano, 2007. "Imagination and society. The affective side of institutions," Constitutional Political Economy, Springer, vol. 18(4), pages 223-241, December.
    8. Salvatore Rizzello, 2004. "Knowledge as a Path-Dependence Process," Journal of Bioeconomics, Springer, vol. 6(3), pages 255-274, September.
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    11. Foster, John, 1993. "Economics and the Self-Organisation Approach: Alfred Marshall Revisited," Economic Journal, Royal Economic Society, vol. 103(419), pages 975-991, July.
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    13. Foster, John, 1997. "The analytical foundations of evolutionary economics: From biological analogy to economic self-organization," Structural Change and Economic Dynamics, Elsevier, vol. 8(4), pages 427-451, October.
    14. Patalano Roberta, 2004. "L'agente che rappresenta se stesso: economia, matematica ed eterogeneità," CESMEP Working Papers 200408, University of Turin.
    15. Patalano, Roberta, 2007. "Resistance to change. Exploring the convergence of institutions, organizations and the mind toward a common phenomenon," MPRA Paper 3342, University Library of Munich, Germany.
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    More about this item


    cognitive path-dependence; institutions; knowledge activation/use; semantic priming; social cognitive theory; social representation.;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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