Conduct, Rules And The Origins Of Institutions
This paper supports the effort by Hindriks and Guala (2014) to integrate the prevailing accounts of institutions. I illustrate with traffic narratives how we can think of their concept of rules-in-equilibrium as evolving from universal elementary forms. These conceptions resonate fully with Smith (1759) who saw rule-following conduct as the basis of human sociality and action.
Smith, V.L. (2015). "Conduct, rules and the origins of institutions," Journal of Institutional Economics, Vol. 11, Issue 03, pp 481-483.
Millennium Economics Ltd/Cambridge University Press