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Collapse. Institutional Decline and Breakdown, Its Endogeneity and Its Asymmetry Vis-á-Vis Emergence: A Theoretical Frame
Journal of Economic Issues ( IF 0.854 ) Pub Date : 2021-03-11 , DOI: 10.1080/00213624.2021.1873048
Wolfram Elsner

Abstract:

Collapse is considered a breakup of institutions and entire socio-economies. Collapse has accompanied socio-economic history, but seems to have become more topical again in recent decades. We even face the danger of extinction of the human species, due to anthropocenic climate change, not the least based on failure of institutional arrangements. Uprooting migration and “failing states” have become topical as well. Mainstream economics seems to have no clue about all that, advising ever more good old “market-economy institutions.” Evolutionary and institutional economics has focused on institutional emergence, evolution, and persistent structures, but still not so much on decline and collapse. I develop an endogenous explanation of institutional decline and collapse implied by the previous success of institutionalized cooperation and increasing (over-)complexity, which exceeds individual cognitive capacities. Institutional adaptability and problem-solving capacity then decline. Uneven distribution of cooperation gains will further cause social conflict and institutional ceremonialization, decline, and collapse. Collapse will not just be a symmetric reverse of emergence. Being subject to sunk costs during emergence, to habituation and normativation, institutions tend to display some hysteresis. The article adopts an evolutionary-institutional perspective, in order to conceptualize future modeling.



中文翻译:

坍塌。制度的衰落与崩溃,内生性及其不对称性-视物权的出现:一个理论框架

摘要:

崩溃被认为是制度和整个社会经济的分裂。崩溃伴随着社会经济的历史,但在最近几十年里似乎又变得更加热门。由于人类的气候变化,我们甚至面临着人类灭绝的危险,这至少是基于制度安排的失败。连根拔起的迁移和“失败状态”也已成为热门话题。主流经济学似乎对这一切一无所知,为越来越好的旧的“市场经济体制”提供了建议。进化经济学和制度经济学侧重于制度的出现,演变和持久性结构,但仍然没有太多关注衰落和崩溃。我对制度化合作的衰落和崩溃进行了内生性的解释,这种解释是由先前的制度化合作成功和日益增加的(过度)复杂性所隐含的,这超出了个人的认知能力。机构的适应能力和解决问题的能力随后下降。合作收益分配不均将进一步导致社会冲突和机构礼仪化,衰落和崩溃。崩溃不仅仅是出现的对称逆转。机构在出现期间承受沉没成本,要习惯化和规范化,机构往往会表现出一些滞后现象。本文采用了进化论的观点,以概念化未来的建模。合作收益分配不均将进一步导致社会冲突和机构礼仪化,衰落和崩溃。崩溃不仅仅是出现的对称逆转。机构在出现期间承受沉没成本,要习惯化和规范化,机构往往会表现出一些滞后现象。本文采用了进化论的观点,以概念化未来的建模。合作收益分配不均将进一步导致社会冲突和机构礼仪化,衰落和崩溃。崩溃不仅仅是出现的对称逆转。机构在出现期间承受沉没成本,要习惯化和规范化,机构往往会表现出一些滞后现象。本文采用了进化论的观点,以概念化未来的建模。

更新日期:2021-03-11
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