Path Dependence: A Foundational Concept for Historical Social Science

Paul David

Chapter 4 in Law, Economics and Evolutionary Theory, 2011 from Edward Elgar Publishing

Abstract: Law and economics has arguably become one of the most influential theories in contemporary legal theory and adjudication. The essays in this volume, authored by both legal scholars and economists, constitute lively and critical engagements between law and economics and new institutional economics from the perspectives of legal and evolutionary theory. The result is a fresh look at core concepts in law and economics – such as ‘institutions’, ‘institutional change’ and ‘market failure‘ – that offer new perspectives on the relationship between economic and legal governance.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2011
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Related works:
Journal Article: Path dependence: a foundational concept for historical social science (2007)
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