Evolution and Design of Institutions

Business & Finance, Economics, Theory of Economics
Cover of the book Evolution and Design of Institutions by Christian Schubert, Georg Von Wangenheim, Taylor and Francis
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Author: Christian Schubert, Georg Von Wangenheim ISBN: 9781134187140
Publisher: Taylor and Francis Publication: September 27, 2006
Imprint: Routledge Language: English
Author: Christian Schubert, Georg Von Wangenheim
ISBN: 9781134187140
Publisher: Taylor and Francis
Publication: September 27, 2006
Imprint: Routledge
Language: English

This book comprises nine papers approaching designed institutions and their interplay with spontaneous institutions from various angles.

While the evolution of spontaneous institutions is quite well understood in economic thinking, the development of consciously designed institutions has been examined much less. In new institutional economics, public choice, and law and economics the interaction between changing preferences and spontaneously evolving institutions on the one hand and the evolution of designed institutions (as, e.g., legal systems) on the other hand has largely been ignored.

A number of top class international contributors have been assembled to study this phenomenon including Viktor Vanberg, Bruno Frey, Elinor Ostrom and Francesco Parisi.

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This book comprises nine papers approaching designed institutions and their interplay with spontaneous institutions from various angles.

While the evolution of spontaneous institutions is quite well understood in economic thinking, the development of consciously designed institutions has been examined much less. In new institutional economics, public choice, and law and economics the interaction between changing preferences and spontaneously evolving institutions on the one hand and the evolution of designed institutions (as, e.g., legal systems) on the other hand has largely been ignored.

A number of top class international contributors have been assembled to study this phenomenon including Viktor Vanberg, Bruno Frey, Elinor Ostrom and Francesco Parisi.

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