Type of Document	Dissertation
Author	Arnold, Roger A.
URN	etd-04072010-020345
Title	The efficiency properties of institutional evolution :with particular reference to the social-philosophical works of F.A. Hayek
Degree	PhD
Department	Economics
Advisory Committee	Advisor Name Title Buchanan, James M. Committee Chair Faith, Roger L. Committee Member Tideman, Thorwald Nicolaus Committee Member Tollison, Robert D. Committee Member Tullock, Gordon Committee Member
Keywords	institution growth
Date of Defense	1979-01-07
Availability	restricted
Abstract Evolution, unhampered and unconstrained, does not always generate efficient and desirable institutional forms. The evolutionary process is just as likely to lead one to the (inefficient) lower-right hand box in the prisoners' dilemma game as it is to lead one to the (efficient) upper-left hand box. Once this is noted, and accepted, the myth that "emergence means efficiency: is finally ejected from the economists' and social philosophers' list of beliefs. Then, finally, the important work of :improving: institutions orders-outcomes can commence on a larger scale.
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