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Wesley Mitchell: Institutions and Quantitative Methods

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  • Malcolm Rutherford

Abstract

This article examines the link between W. C. Mitchell's quantitative methodology and his attachment to institutionalism. It is argued that, for Mitchell, quantitative analysis was an approach to an institutional economics, and that his methodological ideas were developed as much from his rejection of orthodox psychologism as from his more general views on the nature of science. In addition, it is shown that the difficulties and paradoxes in Mitchell's methodological work stem from his search for a more critical method together with his failure to entirely reject justificationist ideas.

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File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume13/V13N1P63_73.pdf
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Bibliographic Info

Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 13 (1987)
Issue (Month): 1 (Jan-Mar)
Pages: 63-73

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Handle: RePEc:eej:eeconj:v:13:y:1987:i:1:p:63-73

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Web page: http://www.ramapo.edu/eea/journal.html
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  1. Akerlof, George A, 1983. "Loyalty Filters," American Economic Review, American Economic Association, vol. 73(1), pages 54-63, March.
  2. Malcolm Rutherford, 1984. "Thorstein Veblen and the Processes of Institutional Change," History of Political Economy, Duke University Press, vol. 16(3), pages 331-348, Fall.
  3. Wesley C. Mitchell, 1910. "The Rationality of Economic Activity," Journal of Political Economy, University of Chicago Press, vol. 18, pages 197.
  4. Arthur F. Burns & Wesley C. Mitchell, 1946. "Measuring Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number burn46-1.
  5. Mayer, Thomas, 1980. "Economics as a Hard Science: Realistic Goal or Wishful Thinking?," Economic Inquiry, Western Economic Association International, vol. 18(2), pages 165-78, April.
  6. Milton Friedman, 1952. "The Economic Theorist," NBER Chapters, in: Wesley Clair Mitchell: The Economic Scientist, pages 235-282 National Bureau of Economic Research, Inc.
  7. Leamer, Edward E, 1983. "Let's Take the Con Out of Econometrics," American Economic Review, American Economic Association, vol. 73(1), pages 31-43, March.
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