Scandinavian Working Papers in Economics

Ratio Working Papers,
The Ratio Institute

No 48: Interconnecting Ecolutionary, Institutional and Cognitive Economics: Six Steps towards Understanding the Six Links

Pavel Pelikan
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Pavel Pelikan: The Ratio Institute, Postal: P.O. Box 5095, SE-102 42 Stockholm, Sweden

Abstract: Many students of evolutionary, institutional, and cognitive economics have been aware that important links among these fields exist, and several authors have worked on bringing these links to light. Nevertheless, large parts of these links still remain poorly understood. Low interest in inter-field cooperation may be one reason, but difficulties in making these links accessible to meaningful analysis appear more constraining. After surveying the links, this paper proposes six steps towards overcoming these difficulties. It then examines how the three fields together may affect methods and results of economic analysis, in particular those concerning certain basic policy issues.

Keywords: Institutions; evolutions; unequally bounded cognition; program-based behaviors; information accounting; basic policy issues

JEL-codes: A10; B15; B52; N01

21 pages, May 25, 2004

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