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Path Dependence, its Critics, and the Quest for ‘Historical Economics’

In: The Evolution of Economic Institutions

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  • Paul A. David

Abstract

It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. This essential reader covers topics such as the relationship between institutions and individuals, institutions and economic development, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting-edge developments in the field but also indicates key directions of future research for institutional and evolutionary economics.

Suggested Citation

  • Paul A. David, 2007. "Path Dependence, its Critics, and the Quest for ‘Historical Economics’," Chapters, in: Geoffrey M. Hodgson (ed.), The Evolution of Economic Institutions, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:12603_7
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    References listed on IDEAS

    as
    1. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-337, May.
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    More about this item

    Keywords

    Economics and Finance;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • B0 - Schools of Economic Thought and Methodology - - General
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • N0 - Economic History - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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