Merging institutionalism and the Evolution theory Cover Image

Съюз на институционализма с еволюционната теория
Merging institutionalism and the Evolution theory

Author(s): Marcho Markov
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: JEL: B25; B52

Summary/Abstract: The article analyses the main postulates of the evolution – institutional theory, that has emerged in 1980s as a unity of the third stage of the development of the "old" institutionalism and the evolution economic theory. The main achievements of three representatives of this trend are presented: Jeffrey Hodgson, England, Ernesto Screpanti, Italy, and Lars Magnusson, Sweden. Despite the difficulties, encountered by the evolution-institutional approach, it is not considered a perspective economic tendency. It might be applied for detailed analyses of the problems resulting from the global economic crisis and the transformation processes in Europe.

  • Issue Year: 2013
  • Issue No: 5
  • Page Range: 109-121
  • Page Count: 13
  • Language: Bulgarian