Metaphors and Analogies in Institutional Economic Theory

Daniil Frolov () and Anna Lavrentyeva

MPRA Paper from University Library of Munich, Germany

Abstract: The article presents the critical review of physical and biological metaphors in the institutional economic theory. It is proved that physical (including mechanistic) analogies are most adequate for the associative characteristic of a statics and kinetics of institutional systems, and biological – for the figurative description of their evolution. Efficiency of use of metaphors and analogies from the most developed, vanguard areas of natural-science researches is shown.

Keywords: metaphors; institutionalism; institutions; path dependence; vacuum; field; impurities; niche construction; transplantation; genetics; evolution (search for similar items in EconPapers)
JEL-codes: B52 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-hme, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:55011

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