Conclusion: complexity, emergence and specification

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Chapter 10 in Economic Institutions and Complexity, 2003, pp 157-164 from Edward Elgar Publishing

Abstract: This book presents a concept of interactive economic institutions and systems, considered by the author to be a bottleneck to scientific progress. In the author’s evaluation of contemporary institutional economics, the focus is on the interaction of complex economic structures in terms of their coordination routines, emergent behavioural characteristics and also their economic performance. Differences of behaviour characteristics and economic performances are explained as consequences of differently structured coordination routines. The book demonstrates that complexity, rather than being part of the problem of institutional analysis, can be made part of the solution.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2003
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