Department of Economics
Date of this Version
June 1989
Abstract
In two recent papers, Anne Mayhew challenged the approach and purpose of institutionalism [Mayhew 1987a, 1987b]. Her message was that institutionalism should be concerned with describing cultures in order to understand the inevitable flow of human progress, and should not be undertaking analysis for the purpose of social evaluation and policy. The purpose of this article is to demonstrate the insufficiency of the base upon which that message was constructed.
Comments
Published by Journal of Economic Issues Vol. XXIII, No. 2, June 1989. Copyright © 1989 Journal of Economic Issues. Used by permission.