Masahiko Aoki’s conception of institutions
Hirokazu Takizawa ()
Additional contact information
Hirokazu Takizawa: Chuo University
Evolutionary and Institutional Economics Review, 2017, vol. 14, issue 2, 523-540
Abstract The present study examines Masahiko Aoki’s continual attempts to conceptualize institutions, with main focus on Aoki (Toward a comparative institutional analysis. MIT Press, Cambridge, 2001; J Econ Behav Organ, 79:20–34, 2011). The unique aspect of his approach is identified as his efforts to grasp the dynamic and collective-cognitive nature of institutions. Highly valuing this uniqueness, I identified several difficulties in this approach. In this study, I argue that the profound nature of institutions is beyond the formal description of game theory, which Aoki maintained in his lifetime. I also argue that the Hegelian perspective submitted by Herrmann-Pillath and Boldyrev (Hegel, institutions and economics: performing the social. Routledge, London, 2014) suggests a possible future direction of the research on institutions in economics, albeit not necessarily one amenable to mathematical formulation.
Keywords: Institutions; Conception of institutions; Aoki (search for similar items in EconPapers)
JEL-codes: B31 B41 B52 C70 D02 D80 P51 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s40844-017-0087-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:eaiere:v:14:y:2017:i:2:d:10.1007_s40844-017-0087-0
Ordering information: This journal article can be ordered from
https://www.springer ... theory/journal/40844
Access Statistics for this article
Evolutionary and Institutional Economics Review is currently edited by Kiichiro Yagi, Yuji Aruka and Takahiro Fujimoto
More articles in Evolutionary and Institutional Economics Review from Springer
Bibliographic data for series maintained by Sonal Shukla ().