Yngve Ramstad claimed that John R. Commons had few followers and that his ideas had relatively little influence on others, at least partly because of the difficulties of separating particular aspects of Commons' work from his whole system of thought. In contrast, the argument in this paper is...

This paper focuses on a number of issues that have arisen in my efforts to deal with the history of American institutional economics in the interwar period. The specific issues addressed here are (1) the choice of time frame; (2) the definition of institutionalism in terms of its commonly held...

This paper outlines the contributions of J.M. Clark to institutional economics. Clark is sometimes seen as standing between institutional and neoclassical economics, but I argue that this view is not accurate. Clark was intimately involved in the definition, promotion, and defense of...

This paper examines the decline in use of the Knight-Keynes uncertainty concept in mainstream economics. Using electronic archives, it shows that the frequency of its appearance in leading journals of economics has fallen rapidly from the 1950s. As well as to the declining popularity of...

China has enjoyed spectacular economic growth since the 1980s. Economic models based on production functions typically suggest that China's rapid growth will continue at similarly high rates, but they ignore pressing structural and institutional constraints on its development. Among the problems...

Thorstein Veblen asked in 1898 why economics is not an evolutionary science; he also proposed a Darwinian paradigm shift for economics. Among the implications reviewed here was his claim that Darwinian principles applied to social entities as well as to biological phenomena. It is also argued that...