Talk:Institutional economics
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External links modified[edit]
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Suggestions for the article[edit]
Clarify the relationship with Microeconomics[edit]
To quote Michael Carter, "Microeconomic analysis of institutions has found a secure place in the economics literature". [1].Olsson in 1999 made the case for institutional microeconomics. [2] I propose to add some material to link this over into the Engineering economics articles. Cheers Risk Engineer (talk) 15:38, 13 September 2020 (UTC)
Why is there no section on Walter Hamilton?[edit]
The article discusses how Hamilton set out the original concepts that defined Institutional economics in his 1919 paper on the subject.[3] Other than the reference in the lede, there is no other mention of Hamilton. I propose adding a paragraph on Hamilton before the material on John Commons who wrote about the topic in 1925. Cheers Risk Engineer (talk) 14:55, 13 September 2020 (UTC)
References
- ^ Carter, Michael R. “A Wisconsin Institutionalist Perspective on Microeconomic Theory of Institutions: The Insufficiency of Pareto Efficiency.” Journal of Economic Issues, vol. 19, no. 3, 1985, pp. 797–813. JSTOR, www.jstor.org/stable/4225621. Accessed 13 Sept. 2020.
- ^ Olsson, Ola. "A microeconomic analysis of institutions." Goteborg University Working Papers in Economics 25 (1999).
- ^ Hamilton, Walton H. "The institutional approach to economic theory." The American Economic Review 9.1 (1919): 309-318. See also This JSTOR link.
Source request[edit]
"The concept of conspicuous consumption was in direct contradiction to the neoclassical view that capitalism was efficient." - Is there a reputable source for that? If conspicious consumption generates lots of utility for the consuming individual not attainable otherwise, what is inefficient about it? Bests, --Trinitrix (talk) 15:02, 18 August 2022 (UTC)
Awaiting source[edit]
"Some institutionalists see Karl Marx as belonging to the institutionalist tradition, because he described capitalism as a historically-bounded social system; other institutionalist economists[who?] disagree with Marx's definition of capitalism, instead seeing defining features such as markets, money and the private ownership of production as indeed evolving over time, but as a result of the purposive actions of individuals." Continues to lack a source. Listing here for deletion if not provided over the next month. DocHeuh (talk) 17:13, 1 January 2023 (UTC)