The Cognitive Mechanics of Economic Development and Institutional Change

1st Edition

Bertin Martens

Routledge
Published October 1, 2012
Reference - 252 Pages
ISBN 9780415646734 - CAT# Y143304
Series: Routledge Frontiers of Political Economy

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Summary

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.
With considerable flair, Bertin Martens has applied the hot new area of psychological and behavioural economics to notions of growth and development and has created a unique and impressive volume.

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