Details

Autor(en) / Beteiligte

• Grajzl, Peter
• Murrell, Peter

Titel

A Darwinian theory of institutional evolution two centuries before Darwin?

Ist Teil von

• Journal of economic behavior & organization, 2016-11, Vol.131, p.346-372

Ort / Verlag

Amsterdam: Elsevier B.V

Erscheinungsjahr

2016

Quelle

Applied Social Sciences Index & Abstracts (ASSIA)

Beschreibungen/Notizen

• •We study a seminal historical theory of how effective institutions come about.•Lawyers in 17th century England theorized on institutions and their development.•The lawyers’ conceptualization of institutional change contained many elements of Darwinism.•We match the lawyers’ theoretical statements to the features of Darwinian processes.•The lawyers provided distinctive normative conclusions on institutional development. How effective institutions come about and how they change are fundamental questions for economics and social science more generally. We show that these questions were central in the deliberations of lawyers in 17th century England, a critical historical juncture that has motivated important institutional theories. We argue that the lawyers held a conceptualization of institutional development that foreshadowed many elements of Darwinism, more than two centuries before Darwin’s great contributions. To this end, we first identify a set of features characteristic of Darwinian evolutionary social-science theories. We then match the lawyers’ own words to these features, revealing the many congruities between a Darwinian approach and the lawyers’ evolutionary model of institutional construction and change. Finally, we analyze the normative conclusions on institutional development that the lawyers drew from their evolutionary analysis.