The Austrian roots of the economics of institutions

Pierre Garrouste ()
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Pierre Garrouste: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: This paper presents an analysis of the way the Austrian theory of 10 institutions evolved from Menger's main works. It also tries to advance the idea that 11 the economics of institutions, when it deals with the emergence and evolution of 12 rules and norms from interacting individuals, is inspired by Menger's work and more 13 generally by the Austrian analysis of the emergence and evolution of institutions. 14 Recent works in the economics of institutions build on this earlier Austrian work to 15 make it more formalized and testable.

Keywords: Menger.Austriantradition.Emergenceandevolutionoftheinstitutions.; 17; Economics; of; institutions (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

Published in Review of Austrian Economics, 2008, 21 (4), pp.251-269

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01300347

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