Meta-rules, or rules for making rules, determine the costs of innovation and thus the pace of economic growth. Adapting rules to a changing economic environment through explicit, well-designed meta-rules makes economic growth quicker, less painful, and more certain than adapting rules through chance-based evolution.
|Date of creation:||05 Sep 2001|
|Date of revision:||27 Dec 2001|
|Note:||Type of Document - Adobe Acrobat 3.0; prepared on Windows 98; to print on Adobe Acrobat 3.0; pages: ; figures: Included in pdf file|
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- Kenneth E. Boulding, 1981. "Agricultural Economics in an Evolutionary Perspective," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(5), pages 788-795.
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