Journal for Economic Forecasting
Volume 4, Issue 2, 2007

Institutional Structures as Benard Taylor Processeses

Purica, Ionut : Institutional Structures as Benard Taylor Processeses. Published in Romanian Journal of Economic Forecasting, 2, 2007.

Full text available online 31 January 2008

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Abstract

Considering the epistemic and ontological sense of principles and functions and the way they contribute to the creation and evolution of institutional structures a model was developed in which the reaction-diffusion of mimes (Dawkins) in a human niche (Popper) is described as a Brusselator that presents far from equilibrium stabilities of Benard-Taylor type. These dynamic stabilities area associated with the formation and evolution of institutional structures leading to a new interpretation of Heraclit’s ‘panta rei’ principle in visualizing human institutional history.

Keywords: institutions, Benard-Taylor instabilities, reaction diffusion models, mimes dynamic

JEL Classification: C3, C61, C62, D7, D87