The institutionalist movement in American economics, 1918-1947 : science and social control / Malcolm Rutherford.

By:

Rutherford, Malcolm, 1948-

Material type: Text

TextSeries: Historical perspectives on modern economicsPublication details: Cambridge ; New York : Cambridge University Press, 2011.Description: 1 online resource (xii, 410 pages)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780511993350
0511993358
9780511989551
0511989555
9780511977046
0511977042
9786612994425
6612994428
9781107626089
1107626080
0511994575
9780511994579
1107221676
9781107221673
1282994425
9781282994423
0511992319
9780511992315
0511987757
9780511987755
0511991347
9780511991349

Subject(s): Genre/Form:

Additional physical formats: Print version:: Institutionalist movement in American economics, 1918-1947.DDC classification:

330.15/52 22

LOC classification:

HB99.5 .R875 2011eb

Other classification:

BUS069000

Online resources:

Click here to access online

Contents:

Part 1. Introduction -- American institutionalism in the history of economics -- Understanding institutional economics -- Part 2. Institutionalist careers -- Walton Hamilton : institutionalism and the public control of business -- Morris A. Copeland : institutionalism and statistics -- Part 3. Centers of institutional economics -- Institutionalism at Chicago and beyond -- Amherst and the Brookings Graduate School -- Wisconsin institutionalism -- Institutional economics at Columbia University -- The NBER and the foundations -- Part 4. Challenges and changes -- The institutionalist reaction to Keynesian economics -- Neoclassical challenges and institutionalist responses -- Part 5. Conclusion -- Institutionalism in retrospect.

Summary: "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"-- Provided by publisher

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"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"-- Provided by publisher