Institutional economics
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Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behaviour. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919 American Economic Review article by Walton H. Hamilton.
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See also
- History of economic thought
- Economic sociology
- Historical school of economics, a related school developed in Prussia
- Institutional logic
- Institutionalist political economy
- Constitutional economics
- New institutionalism
- Perspectives on Capitalism
- Substantivism
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