The Veblenian Roots of Institutional Political Economy
AbstractThe term “Institutional Economics” has been applied to some of capitalism’s strongest critics as well as its most ardent apologists. This paradox in terms has bred contradictory literature in development economics, some declaring the death of this line of thought while others herald its resurgence. In examining the roots of Institutional economics, this paper attempts to disentangle the ambiguity surrounding this label. The Institutional Political Economy of Ha-Joon Chang will then be examined as a return to Institutionalism’s radical roots in development economics. Concluding remarks suggest that this approach is capable of encompassing gender as an analytical category, an extension that would improve the ability of policy makers to assess the impacts of macroeconomic policy.
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Bibliographic InfoPaper provided by University of Utah, Department of Economics in its series Working Paper Series, Department of Economics, University of Utah with number 2011_07.
Length: 28 pages
Date of creation: 2011
Date of revision:
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History of Economic Thought; Veblen; Institutionalism; Methodology JEL Classification: B000; B150; B250; B400;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-09 (All new papers)
- NEP-HME-2011-04-09 (Heterodox Microeconomics)
- NEP-HPE-2011-04-09 (History & Philosophy of Economics)
- NEP-PKE-2011-04-09 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ha-Joon Chang, 2002. "Breaking the mould: an institutionalist political economy alternative to the neo-liberal theory of the market and the state," Cambridge Journal of Economics, Oxford University Press, vol. 26(5), pages 539-559, September.
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