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European economic history has always been concerned with the grand theme of the rise of the Western World. Sometimes this is put in terms of the transition from feudalism to capitalism and, if a Marxian dialectician is present, eventually to socialism. The literature is essentially the product of historians and as such is particularistic. No consistent theoretical foundation runs through it, except perhaps the Marxian one. The result is a chaotic output for which generalization is difficult, and in which bits and scraps of evidence are proffered for almost every specific explanation. This has helped the Marxist explanation to survive since, despite its evident shortcomings, it does provide a single path through the wilderness of medieval and modern European economic history.

Dans cet article, nous offrons un large aperçu des interactions entre cognition, systèmes de croyances et institutions, et comment elles affectent la performance économique. Nous estimons qu'une meilleure compréhension de l'émergence des institutions, de leurs propriétés de fonctionnement et de leurs effets sur les résultats politiques et économiques doit commencer par une analyse des processus cognitifs. Nous explorons la nature de l'apprentissage individuel et collectif, en soulignant que la question n'est pas de savoir si les agents ont une rationalité parfaite ou limitée, mais plutôt de savoir comment les êtres humains raisonnent ou choisissent réellement, individuellement et collectivement. Nous avons ensuite lié les processus d'apprentissage à l'analyse institutionnelle, fournissant des arguments en faveur de ce qui peut être qualifié d' « institutionnalisme cognitif ». En outre, nous montrons qu'un traitement complet du phénomène de sentier de dépendance devrait commencer au niveau cognitif, se poursuivre au niveau institutionnel, et aboutir au niveau économique.

Abstract
This article provides a broad overview of the interplay among cognition, belief systems and institutions, fleshing out a position best characterized as 'cognitive institutionalism'. We argue that a deeper understanding of institutions' emergence, their working properties and their effect on economic performance should start with the analysis of cognitive processes. Exploring the nature of individual and collective learning the article suggests that the issue is not whether agents are perfectly or boundedly rational, but rather how human beings actually reason and choose. We also show how a full treatment of the phenomenon of path dependence should look like; there is a path dependence at the cognitive level, at the institutional level and at the economic level and there are links among them.

In this article, we provide a broad overview of the interplay among cognition, belief systems, & institutions, & how they affect economic performance. We argue that a deeper understanding of institutions' emergence, their working properties, & their effect on economic & political outcomes should begin from an analysis of cognitive processes. We explore the nature of individual & collective learning, stressing that the issue is not whether agents are perfectly or boundedly rational, but rather how human beings actually reason & choose, individually & in collective settings. We then tie the processes of learning to institutional analysis, providing arguments in favor of what can be characterized as "cognitive institutionalism." Besides, we show that a full treatment of the phenomenon of path dependence should start at the cognitive level, proceed at the institutional level, & culminate at the economic level. 61 References. Adapted from the source document.

In this article, we provide a broad overview of the interplay among cognition, belief systems, and institutions, and how they affect economic performance. We argue that a deeper understanding of institutions' emergence, their working properties, and their effect on economic and political outcomes should begin from an analysis of cognitive processes. We explore the nature of individual and collective learning, stressing that the issue is not whether agents are perfectly or boundedly rational, but rather how human beings actually reason and choose, individually and in collective settings. We then tie the processes of learning to institutional analysis, providing arguments in favor of what can be characterized as "cognitive institutionalism." Besides, we show that a full treatment of the phenomenon of path dependence should start at the cognitive level, proceed at the institutional level, and culminate at the economic level.