The Cognitive Mechanics of Economic Development and Institutional Change by Bertin Martens
The Cognitive Mechanics of Economic Development and Institutional Change by Bertin Martens
English | Mar. 26, 2004 | ISBN: 0415326338 | 220 Pages | PDF | 1 MB
English | Mar. 26, 2004 | ISBN: 0415326338 | 220 Pages | PDF | 1 MB
This book seeks to explain long-term economic development and institutional change in terms of the cognitive features of human learning and communication processes. Martens links individual cognitive processes to macroeconomic growth theories, including economies of scale and scope, and to theories of institutional development based on asymmetric information in production processes and economies of scale in enforcement technology.