Economic Evolution: An Inquiry into the Foundations of the New Institutional Economics
In: Economics as Social Theory
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In: Economics as Social Theory
In: Journal of institutional economics, Band 7, Heft 2, S. 175-196
ISSN: 1744-1382
Abstract:It is argued that routines can be fruitfully conceived of as multilevel mechanisms. The merits of viewing routines as multilevel mechanisms are that it helps in putting together a coherent picture of what routines are, what routines do, and how they do it. In particular, it helps in getting a clearer picture of how skills and routines are ontologically (rather than metaphorically) related to each other. It allows us to see that while routines aregenerativemechanisms producing recurrent patterns of firm behavior, asmultilevelmechanisms they themselves are at the same time recurrent patterns of interaction within firms. Because of its 'behavioral' spirit, viewing routines as multilevel mechanisms (rather than as, for example, unobservable dispositions of firms to energize patterns of behavior in firms) greatly facilitates further empirical research on crucial, as yet unresolved issues, such as how stable and robust routines are and to what extent firm behavior is routine.
In: The American journal of economics and sociology, Band 61, Heft 2, S. 511-518
ISSN: 1536-7150
This comment is part of a symposium on Ekkehart Schlicht, On Custom in the Economy (1998)
In: Review of social economy: the journal for the Association for Social Economics, Band 60, Heft 1, S. 115-123
ISSN: 1470-1162
In: Constitutional Political Economy, Band 13, Heft 2
SSRN
In: History of political economy, Band 33, Heft 1, S. 190-192
ISSN: 1527-1919
The profession of academic economics has been widely criticized for being excessively dependent on technical models based on unrealistic assumptions about rationality and individual behavior, and yet it remains a sparsely studied area. This volume presents a series of background readings on the profession by leading scholars in the history of economic thought and economic methodology. Adopting a fresh critique, the contributors investigate the individual incentives prevalent in academic economics, describing economists as rational actors who react to their intellectual environment and the incentives for economic research. Timely topics are addressed, including the financial crisis and the consequences for the discipline, as well as more traditional themes such as pluralism in research, academic organizations, teaching methodology, gender issues and professional ethics. This collection will appeal to scholars working on topics related to economic methodology and the teaching of economics
In: The Economic Journal, Band 106, Heft 439, S. 1791