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The Institutionalist Movement in American Economics, 1918-1947 - Science and Social Control (Hardcover)
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The Institutionalist Movement in American Economics, 1918-1947 - Science and Social Control (Hardcover)
Series: Historical Perspectives on Modern Economics
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This book provides a detailed picture of the institutionalist
movement in American economics concentrating on the period between
the two World Wars. The discussion brings a new emphasis on the
leading role of Walton Hamilton in the formation of
institutionalism, on the special importance of the ideals of
science and social control embodied within the movement, on the
large and close network of individuals involved, on the educational
programs and research organizations created by institutionalists,
and on the significant place of the movement within the mainstream
of interwar American economics. In these ways the book focuses on
the group most closely involved in the active promotion of the
movement, on how they themselves constructed it, on its original
intellectual appeal and promise, and on its institutional supports
and sources of funding. The reasons for the movement's loss of
appeal in the years around the end of World War II are also
discussed, particularly in terms of the arrival of Keynesian
economics, econometrics, and new definitions of science as applied
to economics.
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