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Book part
Publication date: 8 April 2015

American Institutionalism after 1945

Malcolm Rutherford

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…

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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.

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A Research Annual
Type: Book
DOI: https://doi.org/10.1108/S0743-415420150000033012
ISBN: 978-1-78441-857-1

Keywords

  • Institutionalism
  • institutional economics
  • Clarence Ayres
  • Allan Gruchy
  • J. K. Galbraith
  • Association for Evolutionary Economics
  • B
  • B2
  • B52

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Book part
Publication date: 29 October 2013

Warren Samuels, the Journal of Economic Issues, and the association for evolutionary economics ☆

Papers: AGP Allan Gruchy Papers, in possession of the author.

Malcolm Rutherford

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A Research Annual
Type: Book
DOI: https://doi.org/10.1108/S0743-4154(2013)000031A002
ISBN: 978-1-78350-058-1

Keywords

  • Warren J. Samuels
  • Journal of Economic Issues
  • Association for Evolutionary Economics
  • Allan Gruchy
  • Clarence Ayres
  • Association for Institutional Thought

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Article
Publication date: 26 September 2008

Can the principles of heterodox political economy explain its own re‐emergence and development?

Phillip Anthony O'Hara

This paper seeks to evaluate how some of the core general principles of heterodox political economy (HPE) can be applied to the issue of how HPE has managed to undergo…

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Abstract

Purpose

This paper seeks to evaluate how some of the core general principles of heterodox political economy (HPE) can be applied to the issue of how HPE has managed to undergo resurgence and development over recent decades.

Design/methodology/approach

Four major principles of heterodoxy are applied successively to this issue: historical specificity; contradiction; heterogeneous agents and groups; and circular and cumulative causation.

Findings

These principles assist in comprehending how HPE is able to develop its own concepts, networks, publications, academic departments, teaching and policy‐relevant material.

Research limitations/implications

HPE has had considerable success in developing a conceptual apparatus, which helps to explain the emergence of much of its edifice being developed in academic and policy circles. The performance of HPE has been impressive.

Practical implications

The conceptual apparatus of heterodoxy can be applied to real world situations; specifically a component of world history over especially the past 40 years.

Originality/value

This is the first time such a theme has been explored in the literature.

Details

On the Horizon, vol. 16 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/10748120810912583
ISSN: 1074-8121

Keywords

  • Economics
  • Political economy

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Article
Publication date: 1 February 1992

The Significance of Clarence Ayres' Pragmatic Instrumentalism in the History of Institutionalism

Lewis E. Hill

Evaluates the significance of Clarence Edwin Ayres′ contribution tothe historical development of the institutionalist school of economicthought. Summarizes Ayres…

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Evaluates the significance of Clarence Edwin Ayres′ contribution to the historical development of the institutionalist school of economic thought. Summarizes Ayres′ philosophy of pragmatic instrumentalism and integrates it into his theory of economic progress, which is disaggregated into its component parts: his theory of normative value; his theory of economic causation; and his theory of economic policy. Thoroughly explicates and carefully evaluates each of these theories. Concludes that Clarence Ayres has made an important contribution to the history of institutionalism by synthesizing the pragmatic philosophy of C.S. Peirce, William James, and John Dewey with the institutional economics of Thorstein B. Veblen, John R. Commons, and Wesley C. Mitchell.

Details

International Journal of Social Economics, vol. 19 no. 2
Type: Research Article
DOI: https://doi.org/10.1108/EUM0000000000479
ISSN: 0306-8293

Keywords

  • Economic theory
  • Pragmatism
  • Institutionalism
  • History

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Book part
Publication date: 18 February 2004

THE OKLAHOMA “INSTITUTIONALIST” SCHOOL

W.Robert Brazelton

The Department of Economics at the University of Oklahoma (Norman) began its Doctoral program in Economics under the Chairmanship of Jim E. Reese [Brinker, 4]. The…

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The Department of Economics at the University of Oklahoma (Norman) began its Doctoral program in Economics under the Chairmanship of Jim E. Reese [Brinker, 4]. The Department graduated its first Doctoral student in 1951, a student who had received his Masters Degree of Science in Chemical Engineering, 1948. From 1951 to 1995, the Department has granted approximately 101 Doctoral degrees in Economics according to records. Its graduates teach in 62 Universities, foreign and domestic; work for or have worked for the Federal Reserve Bank; The Comptroller of the Treasury of the United States; The Council of Economic Advisors to the President; and The International Monetary Fund. Included are one sitting Congressman and one 1996 Vice Presidential candidate, as well as persons employed in private practice, business, or consulting. There have been 12 women granted the Doctoral Degree which places the Department above the national average.

Details

Wisconsin "Government and Business" and the History of Heterodox Economic Thought
Type: Book
DOI: https://doi.org/10.1016/S0743-4154(03)22052-6
ISBN: 978-0-76231-090-6

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Book part
Publication date: 12 January 2021

Toward a Religious Institutionalism: Ontologies, Teleologies and the Godding of Institution*

Roger Friedland

In this paper, I compare Theodore Schatzki’s practice theory, the existential phenomenology of Martin Heidegger upon whom Schatzki drew in its formation, and my own theory…

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In this paper, I compare Theodore Schatzki’s practice theory, the existential phenomenology of Martin Heidegger upon whom Schatzki drew in its formation, and my own theory of institutional logics which I have sought to develop as a religious sociology of institution. I examine how Schatzki and I both differently locate our thinking at the level of practice. In this essay I also explore the possibility of appropriating Heidegger’s religious ontology of worldhood, which Schatzki rejects, in that project. My institutional logical position is an atheological religious one, poly-onto-teleological. Institutional logics are grounded in ultimate goods which are praiseworthy “objects” of striving and practice, signifieds to which elements of an institutional logic have a non-arbitrary relation, sources of and references for practical norms about how one should have, make, do or be that good, and a basis of knowing the world of practice as ordered around such goods. Institutional logics are constellations co-constituted by substances, not fields animated by values, interests or powers.

Because we are speaking against “values,” people are horrified at a philosophy that ostensibly dares to despise humanity’s best qualities. For what is more “logical” than that a thinking that denies values must necessarily pronounce everything valueless? Martin Heidegger, “Letter on Humanism” (2008a, p. 249).

Details

On Practice and Institution: Theorizing the Interface
Type: Book
DOI: https://doi.org/10.1108/S0733-558X20200000070002
ISBN: 978-1-80043-413-4

Keywords

  • Schatzki
  • Heidegger
  • being
  • god
  • institutional logic
  • substance

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Article
Publication date: 1 June 1987

Institutional Change in Retailing: A Review and Synthesis

Stephen Brown

Three basic approaches to retail institutional change can be discerned in the last 30 years. The first contends that institutional evolution is a function of developments…

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Three basic approaches to retail institutional change can be discerned in the last 30 years. The first contends that institutional evolution is a function of developments in the socio‐economic environment. The second argues that change occurs in a cyclical fashion. The third considers inter‐institutional conflict to be the mainspring of retail change. None of those approaches is found to be entirely satisfactory, and a series of combination theories has been posited. It is argued that regional institutional change is the result of environmental forces and a cycle‐like sequence of inter‐institutional conflict.

Details

European Journal of Marketing, vol. 21 no. 6
Type: Research Article
DOI: https://doi.org/10.1108/EUM0000000004701
ISSN: 0309-0566

Keywords

  • Retailing

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Article
Publication date: 1 May 1997

An American‐British economic, monetary, financial and social stabilization plan: a new vision of how to solve the malaise of the twentieth century in the Western world

Anghel N. Rugina

The equation of unified knowledge says that S = f (A,P) which means that the practical solution to a given problem is a function of the existing, empirical, actual…

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The equation of unified knowledge says that S = f (A,P) which means that the practical solution to a given problem is a function of the existing, empirical, actual realities and the future, potential, best possible conditions of general stable equilibrium which both pure and practical reason, exhaustive in the Kantian sense, show as being within the realm of potential realities beyond any doubt. The first classical revolution in economic thinking, included in factor “P” of the equation, conceived the economic and financial problems in terms of a model of ideal conditions of stable equilibrium but neglected the full consideration of the existing, actual conditions. That is the main reason why, in the end, it failed. The second modern revolution, included in factor “A” of the equation, conceived the economic and financial problems in terms of the existing, actual conditions, usually in disequilibrium or unstable equilibrium (in case of stagnation) and neglected the sense of right direction expressed in factor “P” or the realization of general, stable equilibrium. That is the main reason why the modern revolution failed in the past and is failing in front of our eyes in the present. The equation of unified knowledge, perceived as a sui generis synthesis between classical and modern thinking has been applied rigorously and systematically in writing the enclosed American‐British economic, monetary, financial and social stabilization plans. In the final analysis, a new economic philosophy, based on a synthesis between classical and modern thinking, called here the new economics of unified knowledge, is applied to solve the malaise of the twentieth century which resulted from a confusion between thinking in terms of stable equilibrium on the one hand and disequilibrium or unstable equilibrium on the other.

Details

International Journal of Social Economics, vol. 24 no. 5
Type: Research Article
DOI: https://doi.org/10.1108/03068299710172032
ISSN: 0306-8293

Keywords

  • Economics
  • Monetarism
  • Philosophy
  • Social economics
  • United Kingdom
  • USA

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Article
Publication date: 1 August 2002

Organizing/theorizing: developments in organization theory and practice

Pawan Budhwar, Andy Crane, Annette Davies, Rick Delbridge, Tim Edwards, Mahmoud Ezzamel, Lloyd Harris, Emmanuel Ogbonna and Robyn Thomas

Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their…

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Wonders whether companies actually have employees best interests at heart across physical, mental and spiritual spheres. Posits that most organizations ignore their workforce – not even, in many cases, describing workers as assets! Describes many studies to back up this claim in theis work based on the 2002 Employment Research Unit Annual Conference, in Cardiff, Wales.

Details

Management Research News, vol. 25 no. 8/9/10
Type: Research Article
DOI: https://doi.org/10.1108/01409170210783368
ISSN: 0140-9174

Keywords

  • Market intelligence
  • Process innovation
  • Employee attitudes

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Book part
Publication date: 26 November 2020

How Cities Think: Thought Style, Thought Collective, and the Impact of Strategy

Renate E. Meyer, Martin Kornberger and and Markus A. Höllerer

In this chapter, the authors introduce Ludwik Fleck and his ideas of “thought style” and “thought collective” to suggest a re-thinking of the divide between “micro” and…

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In this chapter, the authors introduce Ludwik Fleck and his ideas of “thought style” and “thought collective” to suggest a re-thinking of the divide between “micro” and “macro” that has perhaps more inhibited than inspired organization studies in general, and institutional theory in particular. With Fleck, the authors argue that there is no such thing as thought style-neutral cognition or undirected perception: meaning, constituted through a specific thought style shared by a thought collective, permeates cognition, judgment, perception, and thought. The authors illustrate our argument with the longitudinal case study of Sydney 2030 (i.e., the strategy-making process of the City of Sydney, Australia). The case suggests that – regardless of its actual implementation – a strategy is successful to the extent to which it shapes the socio-cognitive infrastructure of a collective and enables those engaged in city-making to think and act collectively.

Details

Macrofoundations: Exploring the Institutionally Situated Nature of Activity
Type: Book
DOI: https://doi.org/10.1108/S0733-558X20200000068004
ISBN: 978-1-83909-160-5

Keywords

  • Ludwik Fleck
  • thought style
  • thought collective
  • socio-cognitive infrastructure
  • micro–macro debate
  • institutional theory
  • strategy

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