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Neo-institutionalism is not yet a scientific success: a reply to Barry Weingast

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  • Deirdre Nansen McCloskey

Abstract

Barry Weingast agrees that the idea of liberalism was crucial for the making of the modern world, though in most of his comment he turns to his own writings making institutional change the crux. Yet institutions in Britain did not in fact change much, the changes had little economic oomph, and underlying property rights were good in numerous economies worldwide since ancient times. An ideational economic history works better: liberty caused our riches.

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  • Deirdre Nansen McCloskey, 2017. "Neo-institutionalism is not yet a scientific success: a reply to Barry Weingast," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 65(2), pages 116-123, May.
    • Handle: RePEc:taf:sehrxx:v:65:y:2017:i:2:p:116-123
    DOI: 10.1080/03585522.2017.1324519
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    References listed on IDEAS

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    1. Pollock, Sir Frederick & Maitland, Frederic William, 1898. "History of English Law Before the Time of Edward I," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 2, volume 2, number maitland1898b.
    2. Acemoglu,Daron & Robinson,James A., 2009. "Economic Origins of Dictatorship and Democracy," Cambridge Books, Cambridge University Press, number 9780521671422.
    3. Pollock, Sir Frederick & Maitland, Frederic William, 1898. "History of English Law Before the Time of Edward I," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 2, volume 1, number maitland1898a.
    4. Jacob,Margaret C., 2014. "The First Knowledge Economy," Cambridge Books, Cambridge University Press, number 9781107044012.
    5. Jacob,Margaret C., 2014. "The First Knowledge Economy," Cambridge Books, Cambridge University Press, number 9781107619838.
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    Cited by:

    1. Deirdre Nansen McCloskey, 2018. "Getting over naïve scientism c. 1950: what Fogel and North got wrong," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(3), pages 435-449, September.
    2. Bakeev, M., 2020. "Institutional and cultural research directions in development economics: Assumptions on agent motivation as a source of disagreement," Journal of the New Economic Association, New Economic Association, vol. 46(2), pages 139-156.
    3. Deirdre Nansen McCloskey, 2019. "Lachmann practiced humanomics, beyond the dogma of behaviorism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(1), pages 47-61, March.

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