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On misuse of the term “institutionalist” in the analysis of Russian academic economics of the late 19th and early 20th centuries: the case of Michail Tugan-Baranovsky (1865-1919)

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  • Anna Klimina

    (University of Saskatchewan, St. Thomas More College)

Abstract

The paper questions the appropriateness of using an “institutionalist” label regarding the analysis of Michail Tugan-Baranovsky's (1865-1919) theoretical legacy. It is argued that Tugan-Baranovsky''s views cannot be considered either the Russian type of Institutionalism or the national version of the German Historical School (Barnett, 2004) due to their ideological eclecticism and serious methodological distinctions from the heterodox schools of thought mentioned above. In particular, the paper discusses Tugan''s views on the course of societal dynamics which, in the author''s opinion, represent an example of teleological evolutionarism and lie outside the framework of institutionalist paradigm, and Tugan''s approach to the value theory as it was summarized in his last (1919) methodological article, and is ideologically shared with neoclassical economics. It is concluded that Tugan-Baranovsky should be branded not as an institutionalist or historical economist but as an eclectic one.

Suggested Citation

  • Anna Klimina, 2008. "On misuse of the term “institutionalist” in the analysis of Russian academic economics of the late 19th and early 20th centuries: the case of Michail Tugan-Baranovsky (1865-1919)," Economics Bulletin, AccessEcon, vol. 2(2), pages 1-9.
    • Handle: RePEc:ebl:ecbull:eb-08b10002
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    References listed on IDEAS

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    1. Warren J. Samuels, 2000. "Institutional Economics after One Century," Journal of Economic Issues, Taylor & Francis Journals, vol. 34(2), pages 305-315, June.
    2. Malcolm Rutherford, 2000. "Institutionalism Between the Wars," Journal of Economic Issues, Taylor & Francis Journals, vol. 34(2), pages 291-303, June.
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    More about this item

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals

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