Original, or 'old', institutional economics (OIE) – also known as 'institutionalism' – played a key role in its early stages; it could be said that it was once the 'mainstream economics' of the time. This period ran approximately from the first important contributions of Thorstein Veblen in 1898 to the implementation of the New Deal in the early 1930s, where many institutionalists played a significant role. However, notwithstanding its promising scientific and institutional affirmation, institutional economics underwent a period of marked (...) decline that spanned from the mid-1930s to the late 1980s, when a new season for institutional economics was set in motion. In order to cast some light on this complex issue – without any claim of completeness – we have organised the work as follows: in the first section we consider the main interpretations of this phenomenon. In the subsequent sections we analyse a number of 'endogenous' aspects which might have played a significant role in the period of decline: (i) the relations of institutional economics with Keynes's macroeconomic theory; (ii) the links between theoretical and empirical analysis and the supposed lack of a clear theory; (iii) the interdisciplinary orientation. (shrink)

John Dewey es una de las figuras más representativas de la filosofía pragmatista, enfoque este que aplicó sistemáticamente al estudio de la estructura social y cultural. En este artículo el foco de análisis se concentrará en los aspectos principales del enfoque de Dewey al estudio de los aspectos que constituyen la “naturaleza humana” y en cómo ellos interactúan con las características del contexto cultural. Se ilustrará cómo los conceptos elaborados por Dewey pueden contribuir al análisis heterodoxo de una serie de (...) asuntos económicos y sociales. Dewey subraya el papel crucial de las políticas públicas para facilitar el desarrollo de asociaciones voluntarias en todas las áreas de la estructura social. En el análisis de estos aspectos la contribución central de Dewey radica en cambiar los conceptos de democracia y participación del limbo de la abstracción en la que tienden a ser confinados por los enfoques anteriores, y en conectarlos con la evolución de las formas sociales económicas y sociales. (shrink)

The aim of this work is to illustrate the psychological contributions of Pragmatism and of the Original Institutional Economics (also referred to as OIE or institutionalism), and their relevance for improving the process of social valuing and, as a consequence, the effectiveness of policy action. As a matter of fact, both institutionalist and pragmatist theories were well acquainted with various strands of psychology, and some of them also provided relevant contributions in this respect. Moreover, these theories reveal, along with various (...) differences, significant complementarities, both between themselves and with important concepts of social psychology and psychoanalysis. The work will address the following aspects: (I) The main characteristics of pragmatist psychology with particular attention to their social implications. For space reasons, we will focus attention on the contributions of authors – John Dewey, William James and George Herbert Mead – more oriented to social sciences. (II) The psychological contributions of institutionalism. We will pay particular attention to Thorstein Veblen's theory of instincts and John Rogers Commons' theory of negotiational psychology. We highlight that these theories present, despite a number of differences, relevant complementarities. (shrink)