Evolvability of Organizations and Institutions
Evolvability of Organizations and Institutions
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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