The Cognitive Mechanics of Economic Development and Institutional Change: 1st Edition (Paperback) book cover

The Cognitive Mechanics of Economic Development and Institutional Change

1st Edition

By Bertin Martens


252 pages

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Paperback: 9780415646734
pub: 2012-10-01
Hardback: 9780415326339
pub: 2004-02-05
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eBook (VitalSource) : 9780429233333
pub: 2004-02-05
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This book seeks to explain long-term economic development and institutional change in terms of the cognitive features of human learning and communication processes. Martens links individual cognitive processes to macroeconomic growth theories, including economies of scale and scope, and to theories of institutional development based on asymmetric information in production processes and economies of scale in enforcement technology.

With considerable flair, Bertin Martens has applied the hot new area of psychological and behavioural economics to notions of growth and development and has created a unique and impressive volume.

Table of Contents

1. Introduction Part One: Knowledge and Economics 2. The Uneasy Relationship Between Knowledge and Economics 3. The Role of Distributed Knowledge in Economics Part Two: The Principle of Cognitive Economy 4. Knowledge and the Principle of Cognitive Economy 5. Communication and Distributed Knowledge 6. The Economy as a Knowledge Communication System 7. Economies of Scope Part Three: The Cognitive Mechanics of Institutional Development 8. The Role of Institutions 9. The State's Monopoly on Violence 10. Endogenous Institutions

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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