Template-type: ReDIF-Paper 1.0
Author-Name:  Ambrosino, Angela
Author-Email: angela.ambrosino@unito.it
Author-Name:  Fontana, Magda
Author-Email: magda.fontana@unito.it
Author-Name:  Gigante, Anna Azzurra
Author-Email: a.gigante@univda.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Shifting Boundaries in Economics: the Institutional Cognitive Strand
Abstract: The paper proposes a critical interpretation of the development of new institutional economics and of its
relationship with other economic fields. Consistently with the oil-spot dynamics model, new
institutionalism can be described as an enlargement of the mainstream that, in time, seems to further
expand towards heterodoxy by branching and specializing. Institutional cognitive economics positions itself at
the borders between these two areas. With its focus on the cognitive processes underlying institutional
genesis and evolution, it is the result of the integration process between the ideas of new (D.C. North’s
in particular) and old institutionalism (T. Veblen’s in particular) plus the injection of F. Hayek’s theories
on the link between mind and institutions. Institutional cognitive economics also represents an example of
interdisciplinary cross-fertilization that is taking place at the border of social sciences and that might
represent the future of our discipline.
Length: 29 pages
Creation-Date: 2015-11
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2015dip/wp_44_2015.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:201544