Institutional Obsolescence: Why Do Institutions Persist though Evolutionary Selection Pressure Changes Radically?

Figures & data

Figure 1. Social Value Nexus

Source: Dolfsma (2004), Dolfsma and Verburg (2008).

Figure 2. Societal Values and Their Relation to Institutions: (A) Clashing Values, (B) Emerging Institutions, and (C) Clashing Practices

Source: Dolfsma and Verburg (2008).

Dolfsma, Wilfred. 2004. Institutional Economics and the Formation of Preferences. Cheltenham: Edward Elgar.

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Dolfsma, Wilfred, and Rudy Verburg. 2008. “Structure, Agency and the Role of Values in Processes of Institutional Change.” Journal of Economic Issues 42 (4): 1031–1054.

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