On the Decline of American Institutionalism: Some Historiographic Considerations

University of Siena, Department of Economics Working Paper No. 272

26 Pages Posted: 15 Aug 2000

See all articles by Luca Fiorito

Luca Fiorito

University of Siena - Department of Economics; New School University

Date Written: November 1999

Abstract

It is generally acknowledged that the waning of institutionalism as a vital force in the United States after 1940 was the result of the victory of post World War II neoclassicism over any methodologically alternative approach to economics. The aim of this paper is to confute such a simplistic thesis and to shed new light on the reasons which led to the decline of insitutionalism. This study attempts to make some suggestion on the possible influence of four historical events which deeply influenced American economic thinking during the 30s, namely: 1) Chamberlinis studies on monopolistic competition, 2) Coaseis famous contribution on the nature of the firm, 3) the advent of the Keynesian revolution in America, and 4) the emergence of econometrics as an independent discipline.

JEL Classification: B25

Suggested Citation

Fiorito, Luca, On the Decline of American Institutionalism: Some Historiographic Considerations (November 1999). University of Siena, Department of Economics Working Paper No. 272, Available at SSRN: https://ssrn.com/abstract=223542 or http://dx.doi.org/10.2139/ssrn.223542

Luca Fiorito (Contact Author)

University of Siena - Department of Economics ( email )

Piazza S. Francesco, 7
Siena, I-53100
Italy
0577 232620 (Phone)
0577 232661 (Fax)

New School University ( email )

66 Fifth Avenue
New York, NY 10011
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
242
Abstract Views
1,863
rank
157,497
PlumX Metrics