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Law, Economics and the Institutional Approach to Development and Transition: towards an Evolutionary Perspective

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  • Enrico Colombatto

Abstract

The principles underlying evolutionary psychology suggest an approach to Law and Economics that tends to reject top-down policy making and encourages a bottom-up stance, whereby rules lead to behavioral routines that are consistent with individuals’ shared psychological patterns. The view proposed here is fruitful from a methodological perspective, in that it allows a new classification of societies, new insight on their prospects for economic growth, an innovative appreciation of the chances for successful transition in areas that have undergone substantial political transformation.

Suggested Citation

  • Enrico Colombatto, 2006. "Law, Economics and the Institutional Approach to Development and Transition: towards an Evolutionary Perspective," ICER Working Papers 7-2006, ICER - International Centre for Economic Research.
    • Handle: RePEc:icr:wpicer:7-2006
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    File URL: http://www.bemservizi.unito.it/repec/icr/wp2006/ICERwp7-06.pdf
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