We consider the microfoundations controversy from the perspective ofeconomic evolution and show that the debatecan benefit from lessons learned in evolutionary biology. Althoughthe analogy between biology and economics hasbeen noted before, it has rarely focused on clarifying the micro-macro...

Studies on the history of economic thought of American institutionalism usually focus on the founding fathers, or pre-1930s institutionalism. The decline in importance of this school of thought during the 1930s resulted in few post-World War II studies on the history of institutionalism....