Institutionalism and Value Theory: An Identity Crisis?
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The literature in institutional economics in recent years reveals considerable, and apparently increasing, theoretical turmoil or contentiousness, along with perhaps a greater than usual lack of cohesion. Some of this could well be ascribed to confusion resulting from the exponential growth of knowledge and information and the rapidity and momentousness of social change as the twentieth century draws to a close. Whatever its cause, it seems warranted to continue to explore the philosophy of institutional thinking and how various currents of thought relate to it.
KeywordsHuman Nature Scientific Method Institutional Economic Infinite Regress Identity Crisis
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