Enlightenment of Hayek’s Institutional Change Idea on Institutional Innovation

DOI

10.2991/icetem-15.2015.22How to use a DOI?

Keywords

Institutional change, spontaneous order, Hayek

Abstract

Hayek’s institutional change idea is derived from its spontaneous order view, his cultural evolution theory reveals the generative mechanism of institution and his legal theory explains the institutional formation logic from individual behavior to social order. Hayek’s institutional change theory intrinsically includes the tension between evolution and rationalism, individualized method and holistic method, individual liberty and social order. We should distinguish and comprehensively consider the change of formal institution and informal institution and comprehensively analyze and grasp the relationship between individual liberty, institution and social order combined with the different top-down and bottom-up thinking mode and by comprehensively using the individualism and holism method to better guide the institutional innovation.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Juping Yang
PY  - 2015/03
DA  - 2015/03
TI  - Enlightenment of Hayek’s Institutional Change Idea on Institutional Innovation
BT  - Proceedings of the 2015 International Conference on Education Technology and Economic Management
PB  - Atlantis Press
SP  - 139
EP  - 144
SN  - 2352-5398
UR  - https://doi.org/10.2991/icetem-15.2015.22
DO  - 10.2991/icetem-15.2015.22
ID  - Yang2015/03
ER  -