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The Dichotomy: Views of a Fifth Generation Institutionalist

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  • John R. Munkirs

Abstract

This article is a descriptive and interpretative statement of a basic analytical tool of institutional economists—the dichotomy.1 And, it is divided into two major sections: first, a brief description of the dichotomy is given; second, several important corollary tenets are presented.

Suggested Citation

  • John R. Munkirs, 1988. "The Dichotomy: Views of a Fifth Generation Institutionalist," Journal of Economic Issues, Taylor & Francis Journals, vol. 22(4), pages 1035-1044, December.
    • Handle: RePEc:mes:jeciss:v:22:y:1988:i:4:p:1035-1044
    DOI: 10.1080/00213624.1988.11504840
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    References listed on IDEAS

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    1. Veblen, Thorstein, 1921. "The Engineers and the Price System," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1921.
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    Cited by:

    1. Vladislav Valentinov, 2014. "The Complexity–Sustainability Trade‐Off in Niklas Luhmann's Social Systems Theory," Systems Research and Behavioral Science, Wiley Blackwell, vol. 31(1), pages 14-22, January.
    2. Valentinov, Vladislav, 2023. "Stakeholder theory: Toward a classical institutional economics perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 188(1), pages 75-88.
    3. Valentinov, Vladislav & Iliopoulos, Constantine, 2012. "Property Rights Problems in Agricultural Cooperatives: A Heterodox Institutionalist Perspective," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 61(3).
    4. Vladislav Valentinov, 2023. "Stakeholder Theory: Toward a Classical Institutional Economics Perspective," Journal of Business Ethics, Springer, vol. 188(1), pages 75-88, November.
    5. Vladislav Valentinov, 2012. "Toward a holistic nonprofit economics: insights from institutionalism and systems theory," Journal of Bioeconomics, Springer, vol. 14(1), pages 77-89, April.
    6. Rustem Nureev & Vyacheslav Volchik & Wadim Strielkowski, 2020. "Neoliberal Reforms in Higher Education and the Import of Institutions," Social Sciences, MDPI, vol. 9(5), pages 1-18, May.
    7. Balmann, Alfons & Valentinov, Vladislav, 2016. "Towards a Theory of Structural Change in Agriculture: Just Economics?," 149th Seminar, October 27-28, 2016, Rennes, France 246420, European Association of Agricultural Economists.
    8. Valentinov, Vladislav & Iliopoulos, Constantine, 2012. "Property Rights Problems in Agricultural Cooperatives: A Heterodox Institutionalist Perspective," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 61(03), pages 1-9, August.
    9. Valentinov, Vladislav, 2015. "From equilibrium to autopoiesis: A Luhmannian reading of Veblenian evolutionary economics," Economic Systems, Elsevier, vol. 39(1), pages 143-155.

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