Intuition and Institutions. The Bounded Society
Macario Schettino ()
Economic History from University Library of Munich, Germany
The importance of social variables not completely dependent on individual decisions, along with the bounded rationality of human beings, is fundamental in the progress of economic theory. In this paper the relation between intuition, as a mental process that allows mentally bounded individuals to solve complex problems, and institutions, as the rules society imposes on itself, is explored. The conclusion is that they are both representations of a same mental process. Both are redefined, in this sense, and some ideas about institutional change are put forward.
JEL-codes: N (search for similar items in EconPapers)
Note: tar.Z file submitted with .txt and Word .doc files
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpeh:9507001
Access Statistics for this paper
More papers in Economic History from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().