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The Institutionalist Movement in American Economics, 1918–1947

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  • Rutherford,Malcolm

Abstract

This book provides a detailed picture of the institutionalist movement in American economics concentrating on the period between the two World Wars. The discussion brings a new emphasis on the leading role of Walton Hamilton in the formation of institutionalism, on the special importance of the ideals of 'science' and 'social control' embodied within the movement, on the large and close network of individuals involved, on the educational programs and research organizations created by institutionalists and on the significant place of the movement within the mainstream of interwar American economics. In these ways the book focuses on the group most closely involved in the active promotion of the movement, on how they themselves constructed it, on its original intellectual appeal and promise and on its institutional supports and sources of funding.

Suggested Citation

  • Rutherford,Malcolm, 2011. "The Institutionalist Movement in American Economics, 1918–1947," Cambridge Books, Cambridge University Press, number 9781107006997.
  • Handle: RePEc:cup:cbooks:9781107006997
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    Cited by:

    1. Bruce E. Kaufman, 2013. "Sidney and Beatrice Webb's Institutional Theory of Labor Markets and Wage Determination," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 52(3), pages 765-791, July.
    2. Faruk Ülgen, 2015. "From liberal finance inconsistency to relevant systemic regulation : an institutionalist analysis," Post-Print halshs-01166696, HAL.
    3. Yefimov, Vladimir, 2013. "От Машин Удовольствия К Моральным Сообществам (Размышления Над Новой Книгой Джеффри Ходжсона)
      [From pleasure machines to moral communities (Reflections on a new book by Geoffrey Hodgson)]
      ," MPRA Paper 49024, University Library of Munich, Germany.
    4. Alexandre Chirat & Charlotte Le Chapelain, 2017. "Some “unexpected proximities” between Schultz and Galbraith on human capital," Working Papers of BETA 2017-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Faruk Ülgen, 2014. "How to guide the economy towards socially desirable directions ? Some institutional lessons from the 2007 financial turmoil," Post-Print halshs-00957598, HAL.
    6. Roger E. Backhouse & Beatrice Cherrier, 2014. "Becoming Applied: The Transformation of Economics after 1970," Center for the History of Political Economy Working Paper Series 2014-15, Center for the History of Political Economy.
    7. Yefimov, Vladimir, 2013. "Philosophie et science économiques : leur contribution respective aux discours politiques
      [Economic philosophy and economic science: their respective contributions to political discourse]
      ," MPRA Paper 54598, University Library of Munich, Germany.
    8. Luca Fiorito & Sebastiano Nerozzi, 2016. "Chicago Economics in the Making, 1926-1940. A Further Look at US Interwar Pluralism," Department of Economics University of Siena 733, Department of Economics, University of Siena.
    9. Sebastian Berger, 2013. "The Making of the Institutional Theory of Social Costs: Discovering the K. W. Kapp and J. M. Clark Correspondence," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1106-1130, November.

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