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Previous discussions concerning the relationship between John Dewey’s pragmatic instrumentalism and institutional economics have focused on Clarence Ayres and on issues of valuation. This paper gives attention to the actual conduct of economic investigations by institutionalists such as Wesley...
Persistent link: https://www.econbiz.de/10014080527
English Abstract: In the last four decades there is a renewed interest within the economic theory for the institutional structures. Numerous, multiple and often unpredictable effects of institutions on economic process are differently reflected among the leading schools of economic analysis....
Persistent link: https://www.econbiz.de/10013028808
This paper explores some ontological and epistemological conditions of the emergence of the Veblenian system of political economy. For that, we refer to Foucault's archaeology of political economy, since it offers insights into some of the relations that help us to understand the underlying...
Persistent link: https://www.econbiz.de/10011864978
Polanyi's book on The Great Transformation provides an analysis of the emergence and significance of capitalist economic structures which differs radically from those currently universally taught in economic textbooks. This analysis is based on a methodological approach which is also radically...
Persistent link: https://www.econbiz.de/10013006275
The purpose of this chapter is an attempt to reconstruct the evolution of North's approach to understanding economic history. Underlying this evolution has been an increasing recognition of the role that transaction costs play in explaining the economic performance of different societies through...
Persistent link: https://www.econbiz.de/10012850926
This article is the introductory chapter to a festschrift in honour of Geoff Hodgson. In work spanning four decades, Geoff Hodgson has made many path-breaking contributions to institutional economics, evolutionary economics, economic methodology, the history of economic thought and social theory...
Persistent link: https://www.econbiz.de/10012866139
Wassily Leontief met with decades of success for the development of input-output analysis, and yet he remained a staunch critic of the economics profession throughout his life. To understand his success, its limits, and the origins of his discontent, I separate the scientific activities of...
Persistent link: https://www.econbiz.de/10014419548
I discuss Aoki's fundamental model of institutions in its most recent version, building on a comment that Aoki contributed to a paper by Hindriks and Guala in 2015. These authors advance a ‘rules in equilibrium' approach to institutions that claims to reduce a Searlian social ontology of...
Persistent link: https://www.econbiz.de/10012999665
This paper explores the evolution of the psychological foundation of institutional economics between the early XXc and the 1940s. The first part deals with the rise and fall of instinct psychology. Inspired by Veblen's taxonomy of instinctive behavior, several American economists attempted to...
Persistent link: https://www.econbiz.de/10014075897
2016 jährte sich das Erscheinen des Artikels von John Maurice Clark mit dem in der Überschrift genannten Titel im Journal of Political Economy zum hundertsten Mal. Clark legt in diesem Artikel seine Vorstellungen zur Entwicklung einer "economics of responsibility" und zur Wahrnehmung von...
Persistent link: https://www.econbiz.de/10011670930