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Timeline
Date
17.2. Course introduction / Institutions
24.2. Institutions II
3.3. Classical Institutionalism and New Institutional Economics,
Property rights and resource regimes, Commons
10.3. Doughnot Economics: From Planetary Boundaries to thinking how an
economy can be regenerative by design (Claudio Cattaneo)
17.3. Application of the doughnut at the city scale (Claudio Cattaneo)
24.3. Barcelona as an example (Claudio Cattaneo)
31.3. Ecological Resource Economics
7.4. <Great Friday>
14.4. Applications: water, forests, fisheries
21.4. Q&A, discussion of your assignments
28.4. Case study: The Water–Energy–Food Nexus in India
5.5. Presentations I
12.5. Presentations II and Debate, Open Space, Experiment (4 hrs)
19.5. <Off>
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Ecology, Economics - etymology
• Ecology: oikos (“house” or “habitation”) & logia (“study of”)
(https://www.etymonline.com/word/ecology#etymonline_v_979 )
• Economics: oikos (“house” or “habitation”) nomos (“managing” or
“custom” or “law”)
(https://www.etymonline.com/word/economy?ref=etymonline_crossreference#etymonline_v_980 )
ØInstitutions are rules / custom / law and should be a fundamental
part of economics
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Definitions
• John Dewey (1931): "An institution is
defined as collective action in control,
liberation and expansion of individual
action." in «Institutional Economics»
American Economic Review, Vol. 21
(December 1931), pp. 648–657.
6Vatn 2005, p. 10
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Greeting institutions
• Handshakes / Namaste / Chinese greeting /
…
ØWhy do greetings exist?
ØIs greeting a convention or a norm?
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Greeting institutions
After Covid-19: Do you think that handshakes will come back?
A New Institutional Economics perspective:
Allen and Lueck (1992) on handshakes, reputation, and farmland contracts
Austrian term: “Handshake quality”
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Ø Institutions as “rules of the game“ (Douglas North)?
Are the rules of a game always social institutions?
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Ø The Landlord‘s Game - Henry George
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“The real problem of humanity is the following:
we have Palaeolithic emotions; medieval institutions; and godlike
technology”
(sociobiologist E.O. Wilson, interview in 2009)
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Singularity
passed
Source: https://www.youtube.com/watch?v=iYVVgGWUKKg
«The Social Dilemma - Tristan Harris - New Age In Tech Presentation»
ØCan you give an example of where technology overwhelms humans?
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The individual and society
ØPositivist, Constructivist, Realist
ØMethodological Individualism vs. Holism: Systemism/Relationism/Institutionalism
ØStructuration and Critical Realism (Anthony Giddens, Roy Bhaskar, Margaret Archer)
ØDifferent types of structures (property rights, money, etc.)
Vatn 2005, p. 26
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Source: https://bigthink.com/in-their-own-words/the-danger-is-not-
machines-becoming-humans-but-humans-becoming-machines
ØWhich dangers result from humans behaving like machines?
Which roles do/can institutions play?
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