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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Quantum Institutional Economics

Quantum Institutional Economics

Zhao, Huilin

Paperback

Series: Quantum Economics, Book 5

Economics

ISBN13: 9798905891229
Publisher: Primal Economics Press
Published: Sep 13 2026
Pages: 442
Weight: 2.24
Height: 0.90 Width: 8.50 Depth: 11.00
Language: English
Institutions are ubiquitous, yet have long been treated by mainstream economics as a neutral background assumption. Over the past half-century, old institutionalism has provided rich discourse on habits and cumulative causality, while new institutional economics has demonstrated the pivotal role of institutions through the lens of transaction costs, property rights, contracts, and governance; however, it retains the rational agent model and an efficiency-oriented teleology, rendering it unable to explain how institutions emerge without a designer, why efficient institutions are often not selected, why societies become locked into inferior arrangements, and how ideas, power, and interests jointly drive institutional change. Third-generation research in evolution, complexity, behavior, and historical institutionalism has addressed these gaps, yet no single framework has yet integrated these insights. Quantum Institutional Economics argues that the challenge lies not in empirical research but in ontological foundations: whereas classical perspectives treat institutions as discrete, exogenous entities, this book conceives of institutions as relations-dynamic, stabilizing interaction patterns among entangled agents within practical contexts. Employing the structural logic of quantum reasoning, this work establishes six organizational concepts: superposition, wherein formal and informal rules, multiple interpretations, and latent strategies coexist prior to action; entanglement, wherein agents, rules, norms, and cognition are intrinsically interrelated; measurement collapse, wherein practice and dispute actively constitute institutional meaning; emergence, wherein macro-level patterns cannot be reduced to micro-level interactions; phase transition, wherein long-term drifts are abruptly interrupted by critical ruptures; and non-equilibrium, wherein order represents only temporary stabilization. Established theoretical constructs-such as transaction costs, property rights, and incomplete contracts-are reinterpreted as special cases of these broader relational frameworks.

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