Abstract
The history of institutionalist thought is a history of concern for policy, both with reference to the influence of policy on the sociotechnical system and to instrumental evaluation to determine good policy. Karl Polanyi stated that the substantive approach to economics leads inevitably to policy.1 John Dewey foresaw the marriage of the social sciences and policymaking when he wrote that “the tools of social inquiry will be clumsy as long as they are forged in places and under conditions remote from contemporary events.”2 Policymakers have forged institutionalist thought into solutions for social problems. Thus, as Gilman Ostrander has stated, “every new era of twentieth-century American thought has derived new stimulation from Thorstein Veblen’s writing.”3 Rexford Tugwell was one of those who derived new policy from Veblen’s thought. Russell Long once stated, “[A] great deal that now goes on … in the way of decent land use, soil conservation, the rehabilitation of tenants, a recognition of the rights of labor, consumer protection, and a valiant clear realism derive directly from Tugwell.”4 Consistent with a concern for policy, Martin Gellen explained that institutionalists have been successful in structuring and implementing planning. “The intellectual roots and theory of national economic planning as we know it in the United States today can be traced back to Institutionalist Economics.”5
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Notes
Karl Polanyi, “The Economy as Instituted Process,” in Karl Polanyi et al., eds., Trade and Markets in Early Empires (Glencoe: The Free Press, 1957.
John Dewey, The Public and Its Problems, 2nd ed. (Chicago: The Swallow Press, 1954, p. 135.
Gilman M. Ostrander, “Thorstein Veblen,” in Gitman M. Ostrander, ed., Ideas of the Progressive Era (Clio, MI: Marston Press, 1971), p. 24.
Russell Long, The Wallace of Iowa (Boston: Houghton Mifflin, 1947), p. 73.
Martin Gellen, “Institutionalist Economics and the Intellectual Origins of National Planning in the United States,” Journal of Planning, Education and Research 4 (December 1984): 75–85.
See Martin Buhner, The Uses of Social Research: Social Investigation in Public Policy-Making (London: George Allen S. Unwin, 1982; Yehezkel, Dror); Policymaking Under Adversity (Oxford: Transaction Books, 1986); D.B.P., Kallen, G.B. Kosse, et al., eds., Social Science Research and Public Policy-Making: A Reappraisal. (Atlantic Highlands, NJ: Humanities Press Inc., 1982); Robert F. Rich, Social Science Information and Public Policy Making (San Francisco: Jossey-Bass Publishers, 1981); and Paul Whiteley, Political Control of the Macroeconomy: The Political Economy of Public Policy Making (London: SAGE Publications Ltd., 1986).
George C. Lodge, The New American Ideology (New York: Alfred A. Knopf, 1980), p. 319.
Gellen, “Institutional Economics…,” p. 78.
Paul D. Bush, 1986. “On the Concept of Ceremonial Encapsulation.” Review of Institutional Thought 3 (December 1986): 25–45; idem, “The Theory of Institutional Change,” Journal Economic Issues 21 (September 1987): 1075–1116.
Polanyi, “The Economy as Instituted Process,” p. 249.
Dewey, The Public and its Problems, p. 108.
See Richard Dunford, “The Suppression of Technology As a Strategy for Controlling Resource Dependence,” Administrative Science Quarterly 32 (December 1987): 512–525; and Wassily Leontief, “The Choice of Technology,” Scientific American 252 (June 1985): 37–45.
David Bollier and Joan Claybrook, Freedom from Harm: The Civilizing Influence of Health, Safety and Environmental Regulation (Washington, DC: Public Citizen and Democracy Project, 1986), p. 203.
John Dewey, Reconstruction in Philosophy (Boston: Beacon Press, 1948), p. xxx.
Samuel M. Levin, “John Dewey’s Evaluation of Technology,” American Journal of Economics and Sociology 15 (January 1954): 123–136.
Ibid., p. 134.
Marc R. Tool, The Discretionary Economy: A Normative Theory of Political Economy (Santa Monica, CA: Goodyear Publishing Company, 1979), p. 296.
Ibid., p. 293.
See J. Fagg Foster, “Syllabus for Problems of Modern Society: The Theory of Institutional Adjustment,” Journal of Economic Issues 15 (December 1981): 929–935.
James A. Swaney, “Elements of a Neoinstitutional Environmental Economics” In Marc R. Tool, ed., Evolutionary Economics: Volume II, Institutional Theory and Policy (New York: M.E. Sharpe, 1988).
Ibid., p. 332.
Clayton Yeutter, Letter to the Honorable Ray MacSharry, Member, Commission of the European Communities, Rue de la Loi 200, 1049 Brussels, Belgium. (July 1989) Washington, DC: Office of the Secretary.
Quoted in: Milton D. Lower, “The Concept of Technology Within the Institutional Perspective,” Journal of Economic Issues 21 (September 1987): 1147–1176.
Ostrander, “Thorstein Veblen,” p. 23.
Jerry Petr, “Economic Evolution and Economic Policy: Is Reaganomics a Sustainable Force?” Journal of Economics Issues 16 (December 1982): 1005–1012.
State of Ohio v. U.S. Department of the Interior, 880 F. 2d 432. (D.C. Cir. 1989), p. 456.
Ibid., pp. 456–457.
Hal R. Varian, Microeconomic Analysis (New York: W.W. Norton and Company, 1984), p. 112.
Herbert Simon, “Rational Decision Making in Business Organizations,” American Economic Review 69 (September 1979): 493–513.
Tool, The Discretionary Economy, p. 294.
Wassily Leontief, “Foreward,” in Alfred S. Eichner, ed., Why Economics Is Not Yet a Science (New York: M.E. Sharpe, 1983).
Randall Rothenberg, “The Idea Merchant: Pat Choate Sells Economic Policies,” The New York Times Magazine (May 3, 1987): 44.
Arne Leemans, “Information as a Factor of Power and Influence,” Knowledge: Creation, Diffusion, Utilization 7 (September 1986): 39–58.
Ibid., p. 45.
William Melody, “Information: An Emerging Dimension of Institutional Analysis,” Journal of Economic Issues 21 (September 1987): 1313–1339.
Ibid., p. 1337.
Bulmer, The Uses of Social Research, p. 35.
Leemans. “Information as a Factor of Power and Influence,” p. 54.
John Dewey, “The Supremacy of Method,” in Milton R. Kinvitz and Gail Kennedy, eds., The American Pragmatists (New York: Meridian Books, 1960), p. 190.
Joseph Ratner, “Introduction to John Dewey’s Philosophy.” In Rollo Handy and E.C. Harwood, eds., Useful Procedures of Inquiry (Great Barrington, MA: Behavioral Research Council, 1973).
Ibid., p. 23.
James Street, “The Institutionalist Theory of Economic Development,” Journal of Economic Issues 21 (December 1987): 1861–1887.
William James, Pragmatism: A New Name for Some Old Ways of Thinking (New York: Longmans, Green and Co., 1907), pp. 43–81.
Karl Polanyi, The Great Transformation: The Political and Economic Analysis of Our Time (Boston: Beacon Press, 1944).
Jerry Petr, “Fundamentals of an Institutionalist Perspective on Economic Policy,” Journal of Economic Issues 18 (March 1984): 1–15.
George C. Lodge, The New American Ideology (New York: Alfred A. Knopf., 1974), p. 39.
Ibid., p. 297.
Ibid., p. 95.
Ibid., p. 20.
Joseph F. Coates, “The Role of Formal Models in Technology Assessment,” Technological Forecasting and Social Change 9 (1976): 139–190.
Yngve Ramstad, “A Pragmatist’s Quest for Holistic Knowledge: The Scientific Methodology of John R. Commons,” Journal of Economic Issues 20 (December 1986): 1067–1105.
Ibid., p. 1097.
F. Gregory Hayden, “Social Fabric Matrix: From Perspective to Analytical Tool,” Journal of Economic Issues 16 (September 1982): 637–662.
This section draws heavily from F. Gregory Hayden, “Values, Beliefs, and Attitudes in a Sociotechnical Setting,” Journal of Economic Issues 22 (June 1988): 415–426.
Walter C. Neale, “Institutions,” Journal of Economic Issues 21 (September 1987): 1177–1206.
Ibid., p. 1183.
Benjamin B. Wolfman, ed., Dictionary of Behavioral Sciences (New York: Van Nostrand Reinhold, 1973).
Gordon W. Allport, “The Historical Background of Social Psychology,” in Gardner Lindzey and Elliot Aronson, eds., Handbook of Social Psychology, Volume I: Theory and Method (New York: Random House, 1985).
Ibid.
Ram Harre and Roger Lamb, eds., The Encyclopedia Dictionary of Psychology (Cambridge: MIT Press, 1983).
Allport, “The Historical Background of Social Psychology.”
William J. McGuire, 1985. “Attitudes and Attitude Change,” in Gardner Lindzey and Elliot Aronson, eds., Handbook of Social Psychology, Volume II: Special Fields and Applications (New York: Random House, 1985), pp. 233–346.
Milton Rokeach, Beliefs, Attitudes and Values: A Theory of Organization and Change (San Francisco: Jossey-Bass, 1968), p. 43.
Ibid., p. 45.
Lodge, The New American Ideology, p. 329.
See John Dewey, Logic: The Theory of Inquiry (New York: Henry Holt and Company, 1938), pp. 33–34, 205–211, and 492–499.
See F. Gregory Hayden, “Integration of Social Indicators into Holistic Geobased Models,” Journal of Economic Issues 17 (June 1983): 325–334.
John R. Commons, Institutional Economics: Its Place in Political Economy (Madison, WI: University of Wisconsin Press, 1934), p. 752.
Ibid., p. 749.
Rothenberg, “The Idea Merchant…,” p. 44.
Raymond Firth, Symbols: Public and Private (Ithica: Cornell University Press, 1973), p. 20.
Charles D. Elder, and Roger W. Cobb, The Political Use of Symbols (New York: Longman, 1983), p. 21.
Firth, Symbols: Public and Private, p. 427.
Elder and Cobb, The Political Use of Symbols, p. 30.
Ibid., p. 30.
Ibid., p. 110.
Commons, Institutional Economics, p. 748.
Gellen, “Institutionalist Economics,” p. 78.
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Hayden, F.G. (1993). Institutionalist Policymaking. In: Tool, M.R. (eds) Institutional Economics: Theory, Method, Policy. Recent Economic Thought, vol 31. Springer, Dordrecht. https://doi.org/10.1007/978-0-585-29604-3_7
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