Economic Evolution 1995

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1、ECONOMICEVOLUTIONNewinstitutionaleconomicsoffersoneofthemostexcitingnewagendasineconomics—theeconomicanalysisoftheevolutionofinstitutions.Yetacarefulanalysisofwhatismeantbyevolutionhasbeenmissing.Thisbookfillsthislacuna.Itfocusesonthreeoftheapproacheswhicha

2、recentraltothenewinstitutionaleconomics:•thenewtheoryofthefirm,withparticularemphasisonOliverWilliamson’stransactioncosteconomics;•evolutionaryeconomics,takingtheworkofNelsonandWinterasthebenchmark;•gametheoreticaccountsofthespontaneousevolutionofconvention

3、sandinstitutionsinspiredbyHayek.Theanalysisshowsthatattemptstogrouptheseapproachesunderthesamebroadheadingconcealsmanyimportantdifferences.Nottheleastofthesearethedifferentmeaningsgiventosuchkeyconceptsas‘institution’and‘evolution’.Despitethesedifferences,t

4、hebookdoesidentifytwoevolutionarymechanismsthatgovernprocessesofeconomicchangeintheapproachesthatarediscussed.Drawingonrecentworkinbiologyandphilosophyofsciencetheauthoridentifiessomeunresolvedissuesinattemptstotransfertheconceptsofevolutionarybiologytoecon

5、omics.Thebookposesquestionswhichnoself-consciouseconomistworkingonevolutionaryissuescanaffordtoignore.JackJ.VromenisAssistantProfessorinthePhilosophyofEconomicsatErasmusUniversity,RotterdamandAssistantProfessorintheHistoryandMethodologyofEconomicsattheUnive

6、rsityofAmsterdam.Hehasco-authoredseveralbooksinDutchonthephilosophyofeconomicsaswellasarticlesinleadinginternationaljournals.ECONOMICSASSOCIALTHEORYSerieseditedbyTonyLawsonUniversityofCambridgeSocialtheoryisexperiencingsomethingofarevivalwithineconomics.Cri

7、ticalanalysesoftheparticularnatureofthesubjectmatterofsocialstudiesandofthetypesofmethods,categoriesandmodesofexplanationthatcanlegitimatelybeendorsedforthescientificstudyofsocialobjects,arere-emerging.Economistsareagainaddressingsuchissuesastherelationship

8、betweenagencyandstructure,betweeneconomyandtherestofsociety,andbetweenenquirerandtheobjectofenquiry.Thereisrenewedinterestinelaboratingbasiccategoriessuchascausation,competition,culture,discrimination,