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Institutional Economics: The Term And Its Meanings

In: A Research Annual

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  • Malcolm Rutherford

Abstract

Dan Hammond’s written comments on a paper I presented at the ASSA/HES meetings in January on Chicago economics and institutionalism (Hammond, 2003; Rutherford, 2003a) questioned the usefulness of the concept of “institutional economics” as a category with which to discuss the history of American economics from about 1918 on. My paper and Hammond’s comments form the background to this roundtable discussion. Although my original piece is not reproduced here, I will begin with some direct comments on what I take to be Hammond’s main points of contention.

Suggested Citation

  • Malcolm Rutherford, 2004. "Institutional Economics: The Term And Its Meanings," Research in the History of Economic Thought and Methodology, in: A Research Annual, pages 179-184, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-4154(03)22008-3
    DOI: 10.1016/S0743-4154(03)22008-3
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    Cited by:

    1. Pier Francesco Asso & Luca Fiorito, 2008. "Was Frank Knight an Institutionalist?," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 59-77.
    2. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    3. Luca Fiorito & Massimiliano Vatiero, 2011. "Beyond Legal Relations: Wesley Newcomb Hohfeld's Influence on American Institutionalism," Journal of Economic Issues, Taylor & Francis Journals, vol. 45(1), pages 199-222.

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