Evolving Norms

Cognitive Perspectives in Economics

  • Shinji¬†Teraji

Part of the Palgrave Advances in Behavioral Economics book series (PABE)

Table of contents

  1. Front Matter
    Pages i-xv
  2. Shinji Teraji
    Pages 1-63
  3. Shinji Teraji
    Pages 65-142
  4. Shinji Teraji
    Pages 143-173
  5. Shinji Teraji
    Pages 175-205
  6. Shinji Teraji
    Pages 207-310
  7. Shinji Teraji
    Pages 311-343
  8. Back Matter
    Pages 345-355

About this book


This book presents institutional evolution and individual choice as codependent results of behavioral patterns. Drawing on F.A. Hayek's concepts of cognition and cultural evolution, Teraji demonstrates how the relationship between the sensory and social orders can allow economists to track social norms and their effects on the global economy. He redirects attention from the conventional focus on what an individual chooses to the changing social order that determines how an individual chooses. Cultural shifts provide the environmental feedback that challenges the mental models governing individual choice, creating a cycle of coevolution. Teraji develops a general framework from which to examine this symbiotic relationship in order to identify predictive patterns. Not just for behavioral economists, this book will also appeal to those who specialize in institutional economics, the philosophy of economics, and economic sociology.


social norms institutions mind behavior cognition order evolution

Authors and affiliations

  • Shinji¬†Teraji
    • 1
  1. 1.Yamaguchi UniversityYamaguchiJapan

Bibliographic information

Industry Sectors
Finance, Business & Banking