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The search for psychological content or support for economic decision-making is a subject that is contemporaneously stressed. Considering Keynesian and Post-Keynesian economics, it is possible to perceive several approaches that reclaim behavioral economics as a psychological support for...
Persistent link: https://www.econbiz.de/10013466654
Studies on the history of economic thought of American institutionalism usually focus on the founding fathers, or pre-1930s institutionalism. The decline in importance of this school of thought during the 1930s resulted in few post-World War II studies on the history of institutionalism....
Persistent link: https://www.econbiz.de/10013466687
Thorstein Veblen, a founder of original or old institutional economics, combined social and evolutionary thought in his institutionalist approach to dealing with psychological, social, and economic issues. The psychological content of Veblen's writings takes instinct and habits into...
Persistent link: https://www.econbiz.de/10011858438
Edith Penrose’s The theory of the growth of the firm has offered key ingredients to an evolutionary approach to the growth of the firm. The entrepreneur enlivened by Edith Penrose in that book is revisited here, considering the role played by institutions in his decision-making. It is argued...
Persistent link: https://www.econbiz.de/10011858492
The development of academic economics in Brazil received a major boost during the 1960s, when US institutions such as USAID and the Ford Foundation began to fund the first graduate programs in the field. An important moment occurred in 1973 with the creation of ANPEC, the national association...
Persistent link: https://www.econbiz.de/10013466645
Lionel Robbins’ definition of economics helped to buttress the centrality that individual choice acquired after the Second World War. This, however, was an unintended consequence of his seminal work. Underlying his definition of economics, a novel approach to methodological individualism is...
Persistent link: https://www.econbiz.de/10011858502