The emergence and evolution of institutions. Connections between institutional economics and the austrian school

Andreea Oana Iacobuta ()
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Andreea Oana Iacobuta: The Department of Economics, Quantitative Analysis and Business Information Systems, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, 2007, vol. 54, pages 133-137

Abstract: This article aims at analyzing the similar viewpoints between the Austrian approaches of institutions and what we call today (new)institutional economics. We assume the hypothesis that when it comes to the emergence and evolution of institutions, the Austrian School has inspired, explicitly or not, the recent contributions in this area. We focus mostly on the contributions of Carl Menger and Friedrich von Hayek, considered to have achieved the most advanced level in the evolutionary perspective of the Austrian tradition.

Keywords: human action; spontaneous order; Austrian School; Institutional economics; institutional evolution. (search for similar items in EconPapers)
Date: 2007

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Persistent link: http://EconPapers.repec.org/RePEc:aic:journl:y:2007:v:14:p:133-137

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