This collection of original essays makes a unique contribution to
both the radical and institutionalist economics literature by
explicitly identifying and promoting the radical dimension of
institutional economics. According to the authors (Young Turks in
the institutionalist school), radical institutionalism studies show
how resources and wants are created through social processes and
advance the struggle for a better world through an ongoing dialogue
about economic rights. This collection contains a number of new and
important contributions from young institutionalists, including the
first serious treatment of the origins and contributions of the
Texas School of institutionalism. It also contains thorough
discussions of the research agenda for institutional economics and
an extensive dialogue between institutionalism and Marxism. The
book opens with an explanation of the central concepts of radical
institutionalism, a history of the seminal Texas School of
Economics, and a discussion of the methodology of radical
institutionalism. Other contributors critique institutionalism as a
radical system of inquiry, extend institutionalism beyond its
original American foundation, discuss the contemporary critical
literature, and outline the usefulness of a continued dialogue
between radical institutionalism and Marxism. This provocative
collection will interest scholars of contemporary economic theory.
It could also be used as a supplementary reader in courses on the
history of economic thought and political economy.
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