[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/taf/revpoe/v11y1999i1p61-81.html
   My bibliography  Save this article

Institutions, Naturalism and Evolution

Author

Listed:
  • Elias Khalil
Abstract
The paper recasts old and new institutionalist economics (OIE and NIE) in light of naturalism. While OIE views institutions as 'paradigms' which define the nature of the actor, NIE views institutions as 'conventions' which act as insubstantial traits, i.e. products of optimization subject to constraint. While the two conceptions are different, they are not alternatives: each one is a special theory limited to one kind of institution. In addition, the paper critically assesses the limits of OIE with regard to the theory of evolution of paradigms. The paper advances a developmentalist perspective of institutions which parallels non-Darwinian biological theory.

Suggested Citation

  • Elias Khalil, 1999. "Institutions, Naturalism and Evolution," Review of Political Economy, Taylor & Francis Journals, vol. 11(1), pages 61-81.
    • Handle: RePEc:taf:revpoe:v:11:y:1999:i:1:p:61-81
    DOI: 10.1080/095382599107174
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/095382599107174
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/095382599107174?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Malcolm Rutherford, 2001. "Institutional Economics: Then and Now," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 173-194, Summer.
    2. Warren J. Samuels, 1992. "‘Truth’ and ‘Discourse’ in the Social Construction of Economic Reality: An Essay on the Relation of Knowledge to Socioeconomic Policy," Palgrave Macmillan Books, in: Essays on the Methodology and Discourse of Economics, chapter 1, pages 11-28, Palgrave Macmillan.
    3. Boettke, Peter & Fink, Alexander, 2011. "Institutions first," Journal of Institutional Economics, Cambridge University Press, vol. 7(4), pages 499-504, December.
    4. Hodgson, Geoffrey M, 1992. "Thorstein Veblen and Post-Darwinian Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 16(3), pages 285-301, September.
    5. Roland Hoksbergen, 1994. "Postmodernism and Institutionalism: Toward a Resolution of the Debate on Relativism," Journal of Economic Issues, Taylor & Francis Journals, vol. 28(3), pages 679-713, September.
    6. Khalil, Elias L, 1996. "Friedrich Hayek's Darwinian Theory of Evolution of Institutions: Two Problems," Australian Economic Papers, Wiley Blackwell, vol. 35(66), pages 183-201, June.
    7. Walter C. Neale, 1990. "Absolute Cultural Relativism: Firm Foundation For Valuing And Policy," Journal of Economic Issues, Taylor & Francis Journals, vol. 24(2), pages 333-344, June.
    8. Khalil, Elias L., 1996. "What is Economic Action? From Marshall and Robbins to Polanyi and Becker," Journal of the History of Economic Thought, Cambridge University Press, vol. 18(1), pages 13-36, April.
    9. Geoffrey M. Hodgson (ed.), 1993. "The Economics of Institutions," Books, Edward Elgar Publishing, number 557.
    10. Richard W. Ault & Robert B. Ekelund, Jr., 1988. "Habits in economic analysis: Veblen and the neoclassicals," History of Political Economy, Duke University Press, vol. 20(3), pages 431-445, Fall.
    11. Khalil, Elias L., 1995. "The socioculturalist agenda in economics: Critical remarks of Thorstein Veblen's legacy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 24(4), pages 545-569.
    12. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471.
    13. Anne Mayhew, 1987. "Culture: Core Concept under Attack," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(2), pages 586-603, June.
    14. Geoffrey M. Hodgson, 1998. "The Approach of Institutional Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 166-192, March.
    15. Vanberg, Viktor, 1986. "Spontaneous Market Order and Social Rules," Economics and Philosophy, Cambridge University Press, vol. 2(1), pages 75-100, April.
    16. John Groenewegen & Christos Pitelis & Sven-Erik Sjöstrand (ed.), 1995. "On Economic Institutions," Books, Edward Elgar Publishing, number 196.
    17. Field, Alexander James, 1981. "The problem with neoclassical institutional economics: A critique with special reference to the North/Thomas model of pre-1500 Europe," Explorations in Economic History, Elsevier, vol. 18(2), pages 174-198, April.
    18. Elias L. Khalil, 1995. "Has Economics Progressed? Rectilinear, Historicist, Universalist, and Evolutionary Historiographies," History of Political Economy, Duke University Press, vol. 27(1), pages 43-87, Spring.
    19. Langlois,Richard, 1989. "Economics as a Process," Cambridge Books, Cambridge University Press, number 9780521378598, September.
    20. Khalil, Elias L, 1997. "Is the Firm an Individual?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 21(4), pages 519-544, July.
    21. Ann Jennings & William Waller, 1994. "Evolutionary Economics and Cultural Hermeneutics: Veblen, Cultural Relativism, and Blind Drift," Journal of Economic Issues, Taylor & Francis Journals, vol. 28(4), pages 997-1030, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gonzalo Caballero, 2004. "Instituciones e historia económica: enfoques y teorías institucionales," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(10), pages 135-157, January-J.
    2. Duarte N. Leite & Sandra T. Silva & Oscar Afonso, 2014. "Institutions, Economics And The Development Quest," Journal of Economic Surveys, Wiley Blackwell, vol. 28(3), pages 491-515, July.
    3. Mauricio G. Villena & Marcelo J. Villena, 2004. "Evolutionary Game Theory and Thorstein Veblen’s Evolutionary Economics: Is EGT Veblenian?," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(3), pages 585-610, September.
    4. Geoffrey M. Hodgson, 2000. "La ubicuidad de los hábitos y las reglas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 2(3), pages 11-43, July-dece.
    5. Geoffrey Hodgson, 2002. "The Evolution of Institutions: An Agenda for Future Theoretical Research," Constitutional Political Economy, Springer, vol. 13(2), pages 111-127, June.
    6. Elias Khalil, 1997. "Friedrich Hayek's Theory of Spontaneous Order: Two Problems," Constitutional Political Economy, Springer, vol. 8(4), pages 301-317, December.
    7. Richard R. Nelson & Bhaven N. Sampat, 2001. "Las instituciones como factor que regula el desempeño económico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 3(5), pages 17-51, July-Dece.
    8. Gagliardi, Francesca, 2008. "Institutions and economic change: A critical survey of the new institutional approaches and empirical evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 416-443, February.
    9. Hüsnü BİLİR, 2018. "Commons ve Mitchell’in “İktisat” ve “Birey” Anlayışları," Sosyoekonomi Journal, Sosyoekonomi Society, issue 26(37).
    10. Luis Alfonso Dau & Aya S. Chacar & Marjorie A. Lyles & Jiatao Li, 2022. "Informal institutions and international business: Toward an integrative research agenda," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 985-1010, August.
    11. Agnès Festré & Pierre Garrouste, 2009. "The economic analysis of social norms: A reappraisal of Hayek’s legacy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 259-279, September.
    12. Dimitrios Zikos, 2020. "Revisiting the Role of Institutions in Transformative Contexts: Institutional Change and Conflicts," Sustainability, MDPI, vol. 12(21), pages 1-20, October.
    13. Agnès Festré & Pierre Garrouste, 2008. "L’analyse économique des normes sociales : une réévaluation de l’héritage hayékien," Revue Française d'Économie, Programme National Persée, vol. 22(4), pages 103-137.
    14. Guy Meublat, 2001. "La gestion partagée des fleuves internationaux en Afrique," Revue Tiers Monde, Programme National Persée, vol. 42(166), pages 427-453.
    15. Norma Rantisi, 2002. "The Local Innovation System as a Source of 'Variety': Openness and Adaptability in New York City's Garment District," Regional Studies, Taylor & Francis Journals, vol. 36(6), pages 587-602.
    16. Vladislav Valentinov, 2023. "Stakeholder Theory: Toward a Classical Institutional Economics Perspective," Journal of Business Ethics, Springer, vol. 188(1), pages 75-88, November.
    17. Khalil, Elias L., 2004. "What is altruism?," Journal of Economic Psychology, Elsevier, vol. 25(1), pages 97-123, February.
    18. Adem LEVENT, 2016. "Power, Market and Techno-Structure in John Kenneth Galbraith’s Thought," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(2), pages 214-218, June.
    19. Khalil, Elias L., 1999. "Two kinds of order: Thoughts on the theory of the firm," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(2), pages 157-173, July.
    20. Onyeiwu, Steve & Jones, Robert, 2003. "An institutionalist perception of cooperative behavior," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(3), pages 233-248, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:11:y:1999:i:1:p:61-81. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CRPE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.