INSTITUTIONAL ECONOMICS: THE TERM AND ITS MEANINGS

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.

Citation

Rutherford, M. (2004), "INSTITUTIONAL ECONOMICS: THE TERM AND ITS MEANINGS", Samuels, W.J. (Ed.) A Research Annual (Research in the History of Economic Thought and Methodology, Vol. 22 Part 1), Emerald Group Publishing Limited, Leeds, pp. 179-184. https://doi.org/10.1016/S0743-4154(03)22008-3