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The rule approach in evolutionary economics: A methodological template for empirical research


Blind, Georg D; Pyka, Andreas (2014). The rule approach in evolutionary economics: A methodological template for empirical research. Journal of Evolutionary Economics, 24(5):1085-1105.

Abstract

Dopfer and Potts (2008) have proposed a new analytic foundation to evolutionary economics based on the unified rule approach. While they contend that their approach is ontologically and analytically coherent and useful, scholars sympathetic with it, e.g., Ostrom and Basurto (2011), have called for further methodological and empirical specification. In the same vein, this paper seeks to develop the Dopfer-Potts framework by proposing an analytic methodology to translate their rule-based approach into an operational method for identifying and testing hypotheses that relate to rules. It does so by defining a methodology connecting explanandum (response rule) and explanantia (factor rules) at the same level of rules. The concept of a ‘savings rule’ serves as a roving example that later is extended into a case study. The paper offers a methodological template for applied evolutionary analysis in economics.

Abstract

Dopfer and Potts (2008) have proposed a new analytic foundation to evolutionary economics based on the unified rule approach. While they contend that their approach is ontologically and analytically coherent and useful, scholars sympathetic with it, e.g., Ostrom and Basurto (2011), have called for further methodological and empirical specification. In the same vein, this paper seeks to develop the Dopfer-Potts framework by proposing an analytic methodology to translate their rule-based approach into an operational method for identifying and testing hypotheses that relate to rules. It does so by defining a methodology connecting explanandum (response rule) and explanantia (factor rules) at the same level of rules. The concept of a ‘savings rule’ serves as a roving example that later is extended into a case study. The paper offers a methodological template for applied evolutionary analysis in economics.

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Additional indexing

Item Type:Journal Article, not_refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Asian and Oriental Studies
Dewey Decimal Classification:180 Ancient, medieval & eastern philosophy
290 Other religions
Scopus Subject Areas:Social Sciences & Humanities > General Business, Management and Accounting
Social Sciences & Humanities > Economics and Econometrics
Language:English
Date:2014
Deposited On:16 Jan 2015 13:27
Last Modified:13 May 2024 01:47
Publisher:Springer
ISSN:0936-9937
Additional Information:The final publication is available at Springer via http://dx.doi.org/10.1007/s00191-014-0382-4
OA Status:Green
Publisher DOI:https://doi.org/10.1007/s00191-014-0382-4
  • Content: Accepted Version