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The Austrian roots of the economics of institutions

Author

Listed:
  • Pierre Garrouste

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

This paper presents an analysis of the way the Austrian theory of 10 institutions evolved from Menger's main works. It also tries to advance the idea that 11 the economics of institutions, when it deals with the emergence and evolution of 12 rules and norms from interacting individuals, is inspired by Menger's work and more 13 generally by the Austrian analysis of the emergence and evolution of institutions. 14 Recent works in the economics of institutions build on this earlier Austrian work to 15 make it more formalized and testable.

Suggested Citation

  • Pierre Garrouste, 2008. "The Austrian roots of the economics of institutions," Post-Print halshs-01300347, HAL.
    • Handle: RePEc:hal:journl:halshs-01300347
    as

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    Cited by:

    1. Christopher Coyne & Russell Sobel & John Dove, 2010. "The non-productive entrepreneurial process," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(4), pages 333-346, December.

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