TY  - CHAP
AB  - Abstract This paper is an initial attempt to discuss the American institutionalist movement as it changed and developed after 1945. Institutionalism in the inter-war period was a relatively coherent movement held together by a set of general methodological, theoretical, and ideological commitments (Rutherford, 2011). Although institutionalism always had its critics, it came under increased attack in the 1940s, and faced challenges from Keynesian economics, a revived neoclassicism, econometrics, and from new methodological approaches derived from various versions of positivism. The institutionalist response to these criticisms, and particularly the criticism that institutionalism “lacked theory,” is to be found in a variety of attempts to redefine institutionalism in new theoretical or methodological terms. Perhaps the most important of these is to be found in Clarence Ayres’ The Theory of Economic Progress (1944), although there were many others. These developments were accompanied by a significant amount of debate, disagreement, and uncertainty over future directions. Some of this is reflected in the early history of The Association for Evolutionary Economics.
VL  - 33
SN  - 978-1-78441-857-1, 978-1-78441-858-8/0743-4154
DO  - 10.1108/S0743-415420150000033012
UR  - https://doi.org/10.1108/S0743-415420150000033012
AU  - Rutherford Malcolm
PY  - 2015
Y1  - 2015/01/01
TI  - American Institutionalism after 1945
T2  - A Research Annual
T3  - Research in the History of Economic Thought and Methodology
PB  - Emerald Group Publishing Limited
SP  - 95
EP  - 123
Y2  - 2024/09/22
ER  -