The Emergence and Evolution of Institutions: The Complementary Approaches of Carl Menger and Thorstein Veblen

pierre Garrouste

ICER Working Papers from ICER - International Centre for Economic Research

Abstract: This paper is an attempt to compare Carl Menger and Thorstein Veblen,’s conceptions of institutions. It is shown that although Menger stresses on the emergence of institutions, Veblen is much aware of analyzing their evolution. On this basis the idea of a dialogue between the two authors is propose and its characteristics are presented.

Keywords: Menger; Veblen; institutions; evolution; emergence (search for similar items in EconPapers)
JEL-codes: B13 B15 D02 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe and nep-pke
Date: 2008-06
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Persistent link: http://EconPapers.repec.org/RePEc:icr:wpicer:17-2008

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