From the daily archives: Tuesday, March 4, 2008

Is Game Theory of Any Value for the Historical Analysis of Institutions?

By Rufus Pollock On March 4, 2008 · 1 Comment

I was much much struck by generally pessimistic tone of Gregory Clark’s lengthy review in the JEL’s September issue of Avner Greif’s Institutions and the Path to the Modern Economy. These comments have wider implications for the application of economic tools (especially game theory) to the analysis of historical outcomes, particularly in relation to [...]

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