id: 31343
Title: Retrospective analysis of theories of institutionalism in the functioning of agrarian entrepreneurship
Authors: Dotsiuk S.
Keywords: institutionalism, formal institutions, informal institutions, agrarian entrepreneurship.
Date of publication: 2022-07-29 09:04:53
Last changes: 2022-07-29 09:04:53
Year of publication: 2022
Summary: Institutionalism as an independent direction of economic thought arose in the 20th century. Representatives of classical institutionalism were Thorstein Veblen, John Commons, Wesley Mitchell, who were fundamentally different from each other and did not have a common vision of the main factors influencing economic processes. Thorstein Veblen investigated the dependence of economic processes on psychology, biology, anthropology and initiated the socio-psychological direction of institutionalism. John Commons initiated the socio-legal direction of institutionalism and inspired the trust of many people of different social status. In his books, he highlights the understanding of institutions as customs that have their roots in collective psychology and history, but have received legal status. The American economist Wesley Mitchell was a student of Thorstein Veblen, who continued the idea of his teacher by leading the conjunctural-statistical current of institutionalism. A feature of Wesley Mitchell’s research was the use of a huge amount of statistical material that reflected the state of the country’s national economy.
URI: http://repository.vsau.org/repository/getfile.php/31343.pdf
Publication type: Монографії видані за кордоном
Publication: Socio-economic and ecological aspects of the development of the economy of Ukraine in the conditions of European integration. Monograph. Primedia eLaunch, Boston, USA, 2022. Р. 161-178.
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