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          Institute: MPI für Ökonomik     Collection: Evolutionary Economics Group     Display Documents



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ID: 246693.0, MPI für Ökonomik / Evolutionary Economics Group
Hayek Reads the Literature on the Emergence of Norms
Authors:Andreozzi, Luciano
Language:English
Place of Publication:Jena
Publisher:Max-Planck-Institut für Ökonomik
Date of Publication (YYYY-MM-DD):2005
Total Number of Pages:25
Title of Series:Papers on Economics & Evolution
Issue / Number:0503
Corporate Body (Series Editor):Max-Planck-Institut für Ökonomik
Copyright:2005
Review Status:Internal review
Audience:Not Specified
Abstract / Description:Hayek's approach to cultural and institutional evolution has been frequently criticized because it is explicitly based on the controversial notion of (cultural) group selection. In this paper this criticism is rejected on the basis of recent works on biological and cultural evolution. The paper's main contention is that Hayek employed group selection as a tool for the explanation of selection among several equilibria, and not as a vehicle for the emergence of out of equilibrium behavior (i.e. altruism). The paper shows that Hayek's ideas foreshadowed some of the most promising developments in the current literature on the emergence of norms.
Free Keywords:Hayek; cultural evolution; group selection; social norms
Classification / Thesaurus:JEL classification: B31; B41
External Publication Status:published
Document Type:Paper
Affiliations:MPI für Ökonomik/Abteilung Evolutionsökonomik
Identifiers:ISSN:1430-4716
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