The original institutionalist perspective on economy and its place in a pluralist paradigm
This paper provides a basic overview of original institutional economics (OIE). It is intended to serve as a primer for anyone interested in knowing more about OIE. The paper provides an OIE perspective on four major topics: humans and their relation to the natural environment, technology, the economic process, and institutions (and how these evolve). Finally, the paper proposes that the holistic OIE paradigm has an important role to play in the pluralist approach to economics and economic education. This paper hopes to accomplish two tasks, one to explain the original institutionalist approach to economics in a simple and understandable way that respects a century of scholarship, is palatable to a wide range of institutionalist economists, and is understandable to readers who may have little if any prior knowledge of original institutional economics. The author claims no originality. He is only attempting to synthesise the thoughts of others who deserve the greater credit for developing the ideas. The second purpose is to discuss how institutionalism might enhance or be enhanced by a pluralist approach to economics. After a brief exploration into the roots of original institutionalism the paper will explore the four major elements of original institutional analysis: the natural environment and its relation to humans, technology, culture, and institutions. In the end it should be obvious that none of these elements stands alone. Rather, all four elements come into play in describing how economies work and change.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 1 (2010)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID==319|
When requesting a correction, please mention this item's handle: RePEc:ids:ijplur:v:1:y:2010:i:4:p:356-371. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.