A Darwinian Theory of Institutional Development Two Centuries Before Darwin
Peter Grajzl and Peter Murrell
,
A
(
131
)
Journal of Economic Behavior & Organization
346-372
November
2016
JEBO Grajzl Murrell 2016.pdf904.05 KB
Abstract
How effective institutions come about and how they change are fundamental questions for economics and social science more generally. We show that these questions were central in the deliberations of lawyers in 17th century England, a critical historical juncture that has motivated important institutional theories. We argue that the lawyers held a conceptualization of institutional development that foreshadowed many elements of Darwinism, more than two centuries before Darwin's great contributions.