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Institutional Structures as Benard Taylor Processeses

Author

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  • Purica, Ionut

    (** Institute of Economic Forecasting, Romanian Academy)

Abstract

Considering the epistemic and ontological sense of principles and functions and the way they contribute to the creation and evolution of institutional structures a model was developed in which the reaction-diffusion of mimes (Dawkins) in a human niche (Popper) is described as a Brusselator that presents far from equilibrium stabilities of Benard-Taylor type. These dynamic stabilities area associated with the formation and evolution of institutional structures leading to a new interpretation of Heraclit’s ‘panta rei’ principle in visualizing human institutional history.

Suggested Citation

  • Purica, Ionut, 2007. "Institutional Structures as Benard Taylor Processeses," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(2), pages 69-75, June.
    • Handle: RePEc:rjr:romjef:v:4:y:2007:i:1:p:69-75
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    References listed on IDEAS

    as
    1. Searle, John R., 2005. "What is an institution?," Journal of Institutional Economics, Cambridge University Press, vol. 1(1), pages 1-22, June.
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    More about this item

    Keywords

    institutions; Benard-Taylor instabilities; reaction diffusion models; mimes dynamic;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics

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