Sense of community: a fundamental concept of institutional economics
Article Abstract:
The Historical School of economics was founded by Karl Knies and Wilhelm Roscher in the 19th century. Roscher sought to understand how conscience and individual self-interest could be harmonized through a sense of community. He questioned the nature of institutions, and was influenced by Adam Mueller in the way that he analyzed groups of people. Carl Menger's views of the Historical School, and his charges of collectivism, can be criticized through this reassessment of Roscher.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1998
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A 'Darwinian revolution' in economics?
Article Abstract:
Recent research into the future of an evolutionary approach to economics has considered in particular whether evolutionary economic thought may ever result in a Darwinian revolution in economics. It is argued that Darwinian thought may indeed become a valuable element of evolutionary economic theorising, through direct application rather than through metaphorical use. This is particularly the case with questions relating to long term development.
Publication Name: Journal of Institutional & Theoretical Economics
Subject: Economics
ISSN: 0932-4569
Year: 1996
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