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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...
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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 …
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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 …
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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 …
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