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After Old Institutional economics lost its dominance after the 2nd World War, it entered a new revival period; the beginning of this period was marked with Oliver Williamson’s (1975) use of “New Institutional Economics” (NIE) as a new term in his studies. New Institutional Economics...
Persistent link: https://www.econbiz.de/10010850416
paper reconsiders these problems from the perspective of heterodox institutionalist economics in the tradition of Veblen and … heterodoxen institutionenökonomischen Theorie von Veblen und Ayres. Einerseits bestätigen die genannten Probleme die Annahme der …
Persistent link: https://www.econbiz.de/10011250288
Development economics is understood as a postwar phenomenon without antecedents. Yet, Veblen's contribution to … development economics was once widely disseminated and acknowledged. Veblen's evolutionary economics centered on historically … relative and limited truths applicable to specific cultures. Veblen's growth theory is a theory of economic development …
Persistent link: https://www.econbiz.de/10005258378
This paper explores some of the theoretical linkages between Thorstein Veblen and Karl Marx. Special reference is … placed Veblen's criticisms of Marx and the Marxist tradition for adhering to the preconceptions of (a) the natural right of … labour to the full product, and (b) the teleology of conscious agents directing action towards change. Veblen was incorrect …
Persistent link: https://www.econbiz.de/10009219732
return to prewar "finance capitalism" analyzed by Rudolf Hilferding, Thorstein Veblen, and John Maynard Keynesâand later by …
Persistent link: https://www.econbiz.de/10009353110
Corporatism in the academy continues to invite controversy just as it did nearly a century ago. Thorstein Veblen … subject echo Veblen's sentiments but appear to be oblivious of his tremendous intellectual legacy. This sad state of affairs … indifference. Nevertheless, the modern critiques of corporatism in the academy attest to the remarkable prescience of Veblen and …
Persistent link: https://www.econbiz.de/10009353403
This paper examines the claim that Veblen's theory of cultural evolution has generalized Darwinian principles to … economics. We claim that Veblen frequently relied on the concept of selection and considered institutions both as units and as … factors of selection. We also argue that some of Veblen's insights can be clarified by expressing them in evolutionary …
Persistent link: https://www.econbiz.de/10008742863
First, Veblen's distinction between industrial and pecuniary employments with special regard to speculation is …
Persistent link: https://www.econbiz.de/10008742903
. For Veblen, corporate power is central. The existence of power implies that among firms, selection assumes the form of …
Persistent link: https://www.econbiz.de/10008742924
Статья посвящена исследованию эволюционного пути эндогенного инновационного потенциала в современную эпоху с точки зрения институционального анализа в...
Persistent link: https://www.econbiz.de/10011228344