The Bloomington School and American Institutionalism

Groenewegen, John
April 2011
Good Society Journal;2011, Vol. 20 Issue 1, p15
Academic Journal
The article offers the author's insights on the connections of the theories and philosophy of American institutionalism with Bloomington School in Indiana. The author relates the works of John R. Commons and Thorstein Veblen on the said topic. He discusses the differences of American institutionalism, or Original Institutional Economics (OIE) and New Institutional Economics (NIE), which was worked by Oliver Williamson. Moreover, the also discusses the role of pragmatism in OIE.


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