Evolution and Institutions In Inquiry into the Foundations of the New Institutional Economics

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1、ECONOMICEVOLUTIONNewinstitutionaleconomicsoffersoneofthemostexcitingnewagendasineconomics—theeconomicanalysisoftheevolutionofinstitutions.Yetacarefulanalysisofwhatismeantbyevolutionhasbeenmissing.Thisbookfillsthislacuna.Itfocusesonthreeoftheapproacheswhicharecen

2、traltothenewinstitutionaleconomics:•thenewtheoryofthefirm,withparticularemphasisonOliverWilliamson’stransactioncosteconomics;•evolutionaryeconomics,takingtheworkofNelsonandWinterasthebenchmark;•gametheoreticaccountsofthespontaneousevolutionofconventionsandinstit

3、utionsinspiredbyHayek.Theanalysisshowsthatattemptstogrouptheseapproachesunderthesamebroadheadingconcealsmanyimportantdifferences.Nottheleastofthesearethedifferentmeaningsgiventosuchkeyconceptsas‘institution’and‘evolution’.Despitethesedifferences,thebookdoesident

4、ifytwoevolutionarymechanismsthatgovernprocessesofeconomicchangeintheapproachesthatarediscussed.Drawingonrecentworkinbiologyandphilosophyofsciencetheauthoridentifiessomeunresolvedissuesinattemptstotransfertheconceptsofevolutionarybiologytoeconomics.Thebookposesqu

5、estionswhichnoself-consciouseconomistworkingonevolutionaryissuescanaffordtoignore.JackJ.VromenisAssistantProfessorinthePhilosophyofEconomicsatErasmusUniversity,RotterdamandAssistantProfessorintheHistoryandMethodologyofEconomicsattheUniversityofAmsterdam.Hehasco-

6、authoredseveralbooksinDutchonthephilosophyofeconomicsaswellasarticlesinleadinginternationaljournals.ECONOMICSASSOCIALTHEORYSerieseditedbyTonyLawsonUniversityofCambridgeSocialtheoryisexperiencingsomethingofarevivalwithineconomics.Criticalanalysesoftheparticularna

7、tureofthesubjectmatterofsocialstudiesandofthetypesofmethods,categoriesandmodesofexplanationthatcanlegitimatelybeendorsedforthescientificstudyofsocialobjects,arere-emerging.Economistsareagainaddressingsuchissuesastherelationshipbetweenagencyandstructure,betweenec

8、onomyandtherestofsociety,andbetweenenquirerandtheobjectofenquiry.Thereisrenewedinterestinelaboratingbasiccategoriessuchascausation,competition,culture,discrimination,