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

ICER Working Paper No. 7/2006

30 Pages Posted: 23 Sep 2006 Last revised: 22 May 2009

Date Written: April 1, 2006

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

Colombatto, Enrico, Law, Economics and the Institutional Approach to Development and Transition: Towards an Evolutionary Perspective (April 1, 2006). ICER Working Paper No. 7/2006, Available at SSRN: https://ssrn.com/abstract=932054 or http://dx.doi.org/10.2139/ssrn.932054

Enrico Colombatto (Contact Author)

affiliation not provided to SSRN

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