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Land use systems and property rights

Evolutionary versus new institutional economics

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Abstract

Two lines of reasoning on very long term socio-economic change, which was a basic issue of classical economic thinking, are confronted: New Institutional Economics (NIE) and Evolutionary Economics (EE). It is demonstrated that EE offers an explanation which is both more consistent and more comprehensive. The case in point is the first economic revolution.

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  1. Department of Economics, University of Jena, Carl-Zeiss-Strasse 1, O-6900, Jena, FRG

    Günter Hesse

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  1. Günter Hesse
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Hesse, G. Land use systems and property rights. J Evol Econ 2, 195–210 (1992). https://doi.org/10.1007/BF01202418

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