Organic Views on Institutions: Has Carl Menger Anticipated Complex Adaptive Systems?

La conception organique des institutions de Carl Menger a-t-elle anticipé ce qu’est un système adaptatif complexe ?

Gilles Campagnolo () and Gilbert Tosi
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Gilbert Tosi: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique

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Abstract: For the founder of Austrian economics, Carl Menger (1840-1921), many social institutions are "organic" in origin, not voluntarily created (not "pragmatic"). Today, they may be regarded as complex adaptive systems, pieces of evidence of evolutionism. Money (as Menger sees it) fits such an explanation and bears witness to emerging socio-economic phenomena. We regard present-day evolutionary systems, based upon three principles (variation, interaction and selection) as anticipated by Menger.

Keywords: Austrian school; adaptive complex systems; epistemology; evolutionism; Friedrich Hayek; money; organicist institutions; École autrichienne; évolutionnisme; épistémologie; institutions organiques; monnaie; système adaptatif complexe (search for similar items in EconPapers)
Date: 2016-12
Note: View the original document on HAL open archive server: https://amu.hal.science/hal-01446223
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Published in Revue d'histoire de la pensée économique, 2016, 2, pp.41-72. ⟨10.15122/isbn.978-2-406-06350-6.p.0041⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01446223

DOI: 10.15122/isbn.978-2-406-06350-6.p.0041

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