Pfadabhängigkeit, Institutionen und Regelreform 978-3-16-147678-5 - Mohr Siebeck
Economics

Rolf Ackermann

Pfadabhängigkeit, Institutionen und Regelreform

[Path Dependence, Institutions and the Reform of Rules. By Rolf Ackermann.]

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ISBN 978-3-16-147678-5
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Published in German.
In this work, Rolf Ackermann deals with the far-reaching methodological and the politico-economic questions raised by the phenomenon of path dependency. He shows that it is almost impossible for a state to know ex ante what the right path is. On the other hand, it seems obvious that cases of 'evolutionary failure' can occur, which then might make it expedient for state or collective action to correct the mistakes ex post. The author analyzes three causes of institutional inflexibility caused by path dependence: coordination effects, complementarity effects and the self-reinforcing effects of the traditional ways of thinking or 'mental models' in society. He shows that the probability of successful institutional reforms increases if these causes are properly diagnosed, illustrating this with the example of the transformation of formerly socialist countries.
In this work, Rolf Ackermann deals with the far-reaching methodological and the politico-economic questions raised by the phenomenon of path dependency. He shows that it is almost impossible for a state to know ex ante what the right path is. On the other hand, it seems obvious that cases of 'evolutionary failure' can occur, which then might make it expedient for state or collective action to correct the mistakes ex post. The author analyzes three causes of institutional inflexibility caused by path dependence: coordination effects, complementarity effects and the self-reinforcing effects of the traditional ways of thinking or 'mental models' in society. He shows that the probability of successful institutional reforms increases if these causes are properly diagnosed, illustrating this with the example of the transformation of formerly socialist countries.
Authors/Editors

Rolf Ackermann Geboren 1966; 1986–93 Studium der Volkswirtschaftslehre und Germanistik an der Universität Freiburg und am Holy Cross College in Worcester, Massachusetts (USA), 1995–2000 Wissenschaftlicher Mitarbeiter am Lehrstuhl für Wirtschaftspolitik des Instituts für Allgemeine Wirtschaftsforschung der Albert-Ludwigs-Universität Freiburg; 1999 Promotion; seit 2000 Redakteur in der Wirtschaftsredaktion der Frankfurter Allgemeinen Zeitung.

Reviews

The following reviews are known:

In: Dialogo Filosofico — 2002, H.54, S. 657