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.