Collapse. Institutional Decline and Breakdown, Its Endogeneity and Its Asymmetry Vis-á-Vis Emergence: A Theoretical Frame
نویسندگان
چکیده
:Collapse is considered a breakup of institutions and entire socio-economies. Collapse has accompanied socio-economic history, but seems to have become more topical again in recent decades. We even face the danger extinction human species, due anthropocenic climate change, not least based on failure institutional arrangements. Uprooting migration “failing states” as well. Mainstream economics no clue about all that, advising ever good old “market-economy institutions.” Evolutionary focused emergence, evolution, persistent structures, still so much decline collapse. I develop an endogenous explanation collapse implied by previous success institutionalized cooperation increasing (over-)complexity, which exceeds individual cognitive capacities. Institutional adaptability problem-solving capacity then decline. Uneven distribution gains will further cause social conflict ceremonialization, decline, just be symmetric reverse emergence. Being subject sunk costs during habituation normativation, tend display some hysteresis. The article adopts evolutionary-institutional perspective, order conceptualize future modeling.
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ژورنال
عنوان ژورنال: Journal of Economic Issues
سال: 2021
ISSN: ['1946-326X', '0021-3624']
DOI: https://doi.org/10.1080/00213624.2021.1873048