Károly Mike, senior research fellow at HÉTFA Research Institute gave a lecture titled „Who can actually craft institutions? On the institutional calculation debate” at the third WINIR Symposium in Johannesburg.
One of the significant issues of economics is how to create the knowledge needed for developing proper institutions. To what extent can economics itself contribute to this knowledge? What can be the role of other professions, including the legal profession, which focuses on the practical planning of institutions? The lecture has argued that proper economic institutions require institutionalized “intellectual resources”, typically organized in professions, which are closely related to the everyday practice of institution building.
The WINIR (World Interdisciplinary Network for Institutional Research), founded in 2013, is one of the largest international forums for researchers in the field of institutional economics.
The slides of the lecture are available here, while the underlying study can be accessed here.