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Classics in Institutional Economics, Part I, Volume 2 - The Founders - Key Texts, 1890-1947 (Hardcover)
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Classics in Institutional Economics, Part I, Volume 2 - The Founders - Key Texts, 1890-1947 (Hardcover)
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Institutional economics is recognised as a peculiarly American
development in economics - nothing quite like it emerged in Britain
or continental Europe. As such, a knowledge of the literature of
institutionalism is a necessary part of understanding the history
of American economics and American social thought more broadly. The
work of the authors featured in this collection served to create
and define the American institutionalist tradition in economics:
Thorstein Veblen, Richard Theodore Ely, John Rogers Commons, Robert
Franklin Hoxie, Wesley Clair Mitchell and Walton Hale Hamilton.
These figures were also central to institutionalism's numerous
debates on the unifying characteristics of the movement and its
principal contributions - making this collection of their most
important works a convenient vehicle to assess these issues. It is
also of increasing value given the fact that the main concerns of
institutionalists, such as the role of institutions and development
of an evolutionary approach, having been coming back into
prominence as important issues in economics.
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