Coevolution of economic behaviour and institutions: towards a theory of institutional change

J.C.J.M. van den Bergh

Research output: Contribution to JournalArticleAcademicpeer-review

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Abstract

Traditionally, economics has regarded institutions, notably norms and regulations, as fixed or exogenous. Surprisingly few insights on institutional evolution from natural and social sciences have made their way into economics. This article gives an overview of evolutionary theories of institutions in biology, sociology, anthropology and economics. These theories are subsequently compared with non-evolutionary theories of institutions. Next, the insights and approaches are integrated into a framework for analysis of institutions based on the notion of coevolution.
Original languageEnglish
Pages (from-to)289-317
Number of pages28
JournalJournal of Evolutionary Economics
Volume13
Issue number3
DOIs
Publication statusPublished - 2003

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