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Why Institutional Economics Matters As A Category Of Historical Analysis

In: A Research Annual

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  • Bradley W. Bateman

Abstract

By now, it is one of the standard tropes of those who write about the professionalization of American economics that there was amethodenstreitbetween the marginalists and the historicists at the turn of the nineteenth century into the twentieth. As recently as last year,Nancy Cohen (2002)argued that the only problem with this picture is that we have not understood correctly that the marginalists had actually won much sooner than we realized, sometimebefore1900. Dorothy Ross’s classicThe Origins of Amercian Social Science(1991) plays off the same dichotomy, but offers the older chronology, that “[b]etween about 1890 and 1910 marginal economics became the dominant paradigm in American economics.”

Suggested Citation

  • Bradley W. Bateman, 2004. "Why Institutional Economics Matters As A Category Of Historical Analysis," Research in the History of Economic Thought and Methodology, in: A Research Annual, pages 193-201, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-4154(03)22011-3
    DOI: 10.1016/S0743-4154(03)22011-3
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    Cited by:

    1. Bradley W. Bateman, 2011. "German Influences in the Making of American Economics, 1885–1935," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 5, Edward Elgar Publishing.

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