Land Use Systems and Property Rights: Evolutionary versus New Institutional Economics

Gunter Hesse

Journal of Evolutionary Economics, 1992, vol. 2, issue 3, 195-210

Abstract: Two lines of reasoning on very long-term socio-economic change, which was a basic issue of classical economic thinking, are confronted: New Institutional Economics (NIE) and Evolutionary Economics (EE). It is demonstrated that EE offers an explanation which is both more consistent and more comprehensive. The case in point is the first economic revolution.

Date: 1992
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