Speaking of undergraduate days, I have always wondered how many heterodox economists started down that path with Heilbroner’s Making of Economic Society.





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From: AFEEMAIL Discussion List <[log in to unmask]> On Behalf Of Mitchell Green
Sent: Wednesday, November 14, 2018 3:48 PM
To: [log in to unmask]
Subject: Re: Introduction to Original Institutional Economics


Another vote for Hamilton's book. That was the main reader used in my first course in OIE at undergrad.


Mitch Green


On Wed, Nov 14, 2018, 6:28 AM Waller, William <[log in to unmask] wrote:

Hamilton’s book is still in print by Routledge (who bought Transactions) for $8 on Amazon.

William Waller, chair
Department of Economics
William R. Kenan Jr. Professor of Economics
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On Nov 13, 2018, at 7:08 PM, Glen Atkinson <[log in to unmask]<mailto:[log in to unmask]>> wrote:

I support the recommendation of David Hamilton's book.  It is short and readable.  Gunnar Myrdal's Rich Lands and Poor: The Road to World Prosperity was also published as Economic  Theory and Underdeveloped Regions.  The link between Hamilton and Myrdal is cumulative change driven by endogenous forces.  Hamilton's subtitle is: A Study of Change in Ecconomic Thought.  Both were studying change in the structure itself rather than movements between equilibrium points within static structures.


On Tuesday, November 13, 2018 3:00 PM, Jim Peach <[log in to unmask]<mailto:[log in to unmask]>> wrote:

Geoff and Bill,
    Bill Dugger is correct.  Allan Gruchy's books on institutionalism are great.
David Hamilton's small book (Evolutionary Economics) would be excellent as an introduction.  It has been reprinted several times under different titles.  If you don't want an entire book, I wrote an article in the JEI (2003) called "Hamiltonian and Teleological Dynamics".  This was part of a JEI issue dedicated to David, but the original is far better.
      Another great source, is the 1987 two volume issue of the JEI on institutional economics.  This was later published in book form edited by Marc Tool.
      Finally, I recommend Wendell Gordon's 1973 "Institutional Economics".  Later revised and co-authored with John Adams.  There is a lot in that book --intended mainly for undergraduates.

I am sure I can think of more.

Best and thanks for doing this.

-----Original Message-----
From: AFEEMAIL Discussion List [mailto:[log in to unmask]<mailto:[log in to unmask]>] On Behalf Of BILL and PAULY DUGGER
Sent: Tuesday, November 13, 2018 2:58 PM
To: [log in to unmask]<mailto:[log in to unmask]>
Subject: Re: [AFEEMAIL] Introduction to Original Institutional Economics


My radical institutionalist take on this starts with Allan Gruchy's books on institutional economics and his original article of some 8 decades ago. Those works  remain the best definitive explorations of the early pioneers of institutional economics. He does not emphasize Alexander Hamilton and his reports to the first Congress and to President Washington on the institutionalization of the national economy as founding documents of American institutionalism, however. That is the only thing I would say against his otherwise excellent work. By the way, Gruchy's acid test for whether or not to include someone as an original institutionalist was whether or not they supported national economic planning. At least, that is what he told me repeatedly in his later years. Ken Cochran's dissertation at Ohio State, I seem to recall, is excellent on this point.  Forrest Hill's lectures at UT often emphasized Hamilton. Jim Peach may know more on this. Good luck. I suspect that you will fi!
nd that institutionalism, American style, has one surprisingly deep root in the South, the "southern" response to the New England manufacturing interests attempt to push the "free market" argument down their cotton craw, so to speak. Which is why I think it important to emphasize the radical egalitarian thrust of institutionalism, particularly when working in a southern venue.

William M. Dugger
Professor of Economics

On Tue, 11/13/18, Geoff Schneider <[log in to unmask]<mailto:[log in to unmask]>> wrote:

Subject: Introduction to Original Institutional Economics
To: [log in to unmask]<mailto:[log in to unmask]>
Date: Tuesday, November 13, 2018, 12:56 PM

Dear Afeefolks,
I am looking for materials to
introduce graduate students and upper level undergraduates  to original institutional economics. This is part of some  outreach I am doing at conferences where institutionalists  don't have much of a presence, such as the Southern  Economics Association meetings in Washington next  week.
Any resources would be greatly
Geoff Schneider
Professor of Economics, Bucknell University
Office: 128 Academic West
Address: 1 Dent Drive, Lewisburg, PA 17837
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Office Phone: 570-577-1666