This book comprises nine papers approaching designed institutions
and their interplay with spontaneous institutions from various
angles. While the evolution of spontaneous institutions is quite
well understood in economic thinking, the development of
consciously designed institutions has been examined much less. In
new institutional economics, public choice, and law and economics
the interaction between changing preferences and spontaneously
evolving institutions on the one hand and the evolution of designed
institutions (as, e.g., legal systems) on the other hand has
largely been ignored. A number of top class international
contributors have been assembled to study this phenomenon including
Viktor Vanberg, Bruno Frey, Elinor Ostrom and Francesco Parisi.
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