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Can you recommend any books on Institutionalism?
by Colman (colman at eurotrib.com) on Wed Apr 1st, 2009 at 12:52:18 PM EST
[ Parent ]
The problem is that it was at its most coherent when it was the dominant US approach, before and after WWI. John R. Commons Legal Foundations of Capitalism and Institutional Economics, Thorstein Veblen Theory of Business Enterprise and Imperial Germany and the Industrial Revolution.

The most prominent post-WWII Institutionalist was Galbraith, The New Industrial State, or A Short History of Financial Euphoria. And some who style themselves as Socio-Economists are not far from Institutional Economics ...
(indeed, while Institutionalists founded the American Economics Association, we did not found our own organization until rather late in the process of marginalist capture of the AEA, so if Institutionalist want their ASSA meetings money to not go to supporting a marginalist mainstream association, we register under the Association for Social Economics, who were a founding member of the group that holds the annual economics meetings)
... and quite relevant to the current financial melt-down is Barry Bluestone, The Great U-Turn.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 1st, 2009 at 03:34:20 PM EST
[ Parent ]
... for Institutionalist, oui? Pronounced "In Sti Twee Shun a leest", voila.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Wed Apr 1st, 2009 at 08:39:38 PM EST
[ Parent ]
Institutional economics, or schools of thought influenced by it, are alive and well and (today, after years of neglect) thriving at the New School for Social Research in NYC, the university founded by Veblen and Dewey in response to WWI and which became known as the University in Exile during WWII because of the many European intellectuals who ended up there due to the war -- Hannah Arendt is one famous example.  The New School has always been the left's answer to Chicago, and it tends to thrive when capitalism is in crisis.
by santiago on Wed Apr 1st, 2009 at 10:55:18 PM EST
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