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Institutional Change and the Importance of Understanding Shared Mental Models
Kyklos ( IF 1.796 ) Pub Date : 2020-07-09 , DOI: 10.1111/kykl.12245
William F. Shughart , Diana W. Thomas , Michael D. Thomas

Arthur Denzau and Douglass North’s paper “Shared Mental Models: Ideologies and Institutions” seeks to explain differences in economic performance across time and space recognizing that under conditions of uncertainty actors base their decisions “in part upon […] myths, dogmas, ideologies, and ‘half‐baked’ theories.” The model Denzau and North develop is firmly rooted in the orthodoxy of economics but emphasizes the significance of shared ideologies and ideas in driving economic change. In this paper, we discuss how the legacy of Denzau and North (1994) should be applied to current and future economic inquiries and, in particular, how it might inform work in development economics, behavioral economics, and in the study of the effects of social norms on economic outcomes. We argue that a perspective that emphasizes the role of the economic actor as entrepreneur in the context of shared mental models and institutions can improve economic analysis in those areas of research, which currently focus on the economist as exogenous policy expert.

中文翻译:

制度变迁和理解共享心理模型的重要性

Arthur Denzau 和 Douglass North 的论文“共享心理模型:意识形态和制度”试图解释经济表现在不同时间和空间上的差异,认识到在不确定的条件下,行动者的决策“部分基于 [……] 神话、教条、意识形态和'半生不熟'的理论。” Denzau 和 North 发展模式牢牢植根于经济学的正统观念,但强调共享意识形态和理念在推动经济变革方面的重要性。在本文中,我们讨论了如何将 Denzau 和 North(1994)的遗产应用于当前和未来的经济调查,特别是它如何为发展经济学、行为经济学和研究关于经济结果的社会规范。
更新日期:2020-07-09
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