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Marc R. Tool This book of especially solicited contributions is intended to appraise, re fine, and extend the institutionalists' evolutionary theory of political eco nomy in six different areas of inquiry. These areas are the institutionalist challenge to move beyond dissent, methodology of institutional econo mics, theory of instrumental value, institutionaUst theory of labor markets, institutionalist theory of economic development, and institutionalist policymaking. This collection appears at an especially opportune time. There is wide spread and accumulating analytical dissatisfaction with received economic doctrine (West and East) and its often abortive application to policy. The traditional neoclassical and Marxist views of how to order and operate a political economy are now heavily discounted, especially by those who must bear the brunt of flawed or ineffectual policies derived from these views. Appeals are increasingly made for more populist and pragmatic, less doctrinaire and dogmatic, approaches to problem solving. Instituti- aUsts are responding to this concern by contributing poUcy-relevant analysis.
List of contents
The Institutionalist Challenge: Beyond Dissent.- The Methodology of Institutional Economics: A Pragmatic Instrumentalist Perspective.- The Theory of Instrumental Value: Extensions, Clarifications.- Institutional Economics And The Dual Labor Market Theory.- Institutions and Economic Development: Structure, Process, and Incentive.- Institutionalist Policymaking.
Summary
Studies the institutionalist's evolutionary theory of political economy in different areas of inquiry: the provision of a fresh overview of institutional economics; the refinement of pragmatic methods of inquiry; the clarifications of instrumental value theory; and, the distillation of institutionalist theory of labor markets.
