Economic Growth and Institutions: a heterodox analytical perspective or a new evolutionary ontology?
- Authors
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Octavio Augusto Camargo Conceição
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- Keywords:
- Crescimento econômico, economia institucional, economia evolucionária.
- Abstract
- This paper deals with the institutionalist theoretical view on economic growth. According to this view, such a process should be inserted in an evolutionary environment, which includes new habits, routines and behavior which contrasts with the mainstream. What we intend to discuss in this paper is whether the advances brought by this view occurred due to the inclusion of heterodox features or due to a new ontology. Next we discuss the heterodox view, according to Tony Lawson, and some aspects of the critical realism as proposed by Castellacci. We will confront Lawson’s view with the contribution of Hodgson who shows that the advances of this approach are not due to its heterodox character, but to a new ontology derived from the evolutionary thought of Veblen. Key words: Economic growth, Institutional Economics, Evolutionary economics. JEL classifications: B41, B52, O30. Artigo recebido em fev. 2010 e aceito para publicação em jul. 2010
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- Published
- 2011-01-07
- Issue
- Vol. 31 No. 2 (2010)
- Section
- Artigos
- License
- A remessa dos artigos à revista implica a cessão dos direitos autorais à FEE.