Institutionalism Ancient, Old and New: A Historical Perspective on Institutions and Uneven Development

Erik Reinert ()

No RP2006-77, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper argues for an 'ancient' institutional school, predating Thorstein Veblen's 'old' institutionalism. In this view, going back as far as the thirteenth century, institutions tended to be seen as specific to a mode of production. Here both institutions and development itself are context-specific and activity-specific. Much clearer than today the arrows of causality of economic development go from the mode of production to the institutional setting, not vice versa.

Keywords: Economic development; History of economists; Institutional economics (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2006-77

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