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Complexity and EvolutionToward a New Synthesis for Economics$
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David S Wilson and Alan Kirman

Print publication date: 2016

Print ISBN-13: 9780262035385

Published to MIT Press Scholarship Online: May 2017

DOI: 10.7551/mitpress/9780262035385.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 28 June 2022

Evolvability of Organizations and Institutions

Evolvability of Organizations and Institutions

(p.185) 11 Evolvability of Organizations and Institutions
Complexity and Evolution

John F. Padgett

The MIT Press

To blend evolutionary theory with complexity theory,this chapter uses Padgett and Powell’s. The Emergence of Organizations and Markets to review the evolability of organizations and institutions. There “evolutionary theory” means “autocatalysis,” and “complexity theory” means “dynamic multiple networks in regulatory feedback.” Together (but not separately), these two theoretical building blocks can explain the sudden emergence or invention of novel forms of organizations not previously observed in history. This chapter draws on an empirical case study from the book, the emergence of international finance in medieval Tuscany, to illustrate the theory.

Keywords:   Strüngmann Forum Reports, autocatalysis, complexity theory, evolutionary theory, emergence of institutions, multiple network spillover

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