The Institutionalist Movement in American Economics, 1918-1947: Science and Social Control

ISBN-13: 9781107006997 / Angielski / Twarda / 2011 / 424 str.

Malcolm Rutherford

Opis

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. The reasons for the movement's loss of appeal in the years around the end of World War II are also discussed, particularly in terms of the arrival of Keynesian economics, econometrics, and new definitions of science as applied to economics."

Recenzje

'Rutherford has written a truly outstanding book on the Institutionalist Movement of the inter-war period that is unlikely to be surpassed! Of course there will be amendments here and there, but his interpretation of the central thrust of the Movement will remain unchanged.' Frederic S. Lee, History of Economic Thought and Policy

Spis treści

Part I. Introduction: 1. Institutionalism in the history of economics; 2. Understanding institutional economics; Part II. Institutionalist Careers: 3. Walton Hamilton: institutionalism and the public control of business; 4. Morris Copeland: institutionalism and statistics; Part III. Centers of Institutional Economics: 5. Institutionalism at Chicago and beyond; 6. Amherst and the Brookings Graduate School; 7. Wisconsin institutionalism; 8. Institutionalism at Columbia University; 9. The NBER and the foundations; Part IV. Challenges and Changes: 10. The institutionalist reaction to Keynesian economics; 11. Neoclassical challenges and institutionalist responses; Part V. Conclusion: 12. Institutionalism in retrospect.