Critical rationalism and institutional change in Hayek
EDUARDO ANGELI
Abstract:The institutional analysis promoted by F. A. Hayek seeks to understand how human action and coordination among individuals occur in an environment where the knowledge held by each person is incomplete and not fully transmittable. In such an environment, the institutional framework plays an important role in conditioning, at least partially, the behavior of members within a spontaneously emerging social order. In light of this, the objective of this article is to present Hayek’s evolutionary institutional appro… Show more
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