Founding of Institutional Economics
Institutional economics has been a major part of economic thought for the whole of the twentieth century, and today remains crucial to an understanding of the development of heterodox economics. The two principal publications that founded the school were Veblen''s The Theory of the Leisure Class and Commons''s A Sociological View of Sovereignty, both published in 1899.
As a tribute to these two se...
Institutional economics has been a major part of economic thought for the whole of the twentieth century, and today remains crucial to an understanding of the development of heterodox economics. The two principal publications that founded the school were Veblen''s The Theory of the Leisure Class and Commons''s A Sociological View of Sovereignty, both published in 1899.
As a tribute to these two se...