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- Title
The Association for Evolutionary Economics and the Union for Radical Political Economics: General Issues of Continuity and Integration.
- Authors
O'Hara, Phillip Anthony
- Abstract
The article examines the continuity and similarities of themes and trends between Association for Evolutionary Economics (AFEE) and Union for Radical Political Economics (URPE). The "radical institutionalists" utilize a holistic method while critically examining the hegemonic institutions associated with corporate capitalism. Dissatisfaction with free market orthodoxy led to the formation of the American Economic Association in 1885. Institutional economics is the version of heterodox economics indigenous to U.S. capitalism. Both the AFEE and URPE traditions come under the umbrella of "radical economics," at least in the methodological sense. There are important writers from these two institution who engage in a holistic institutional analysis of capitalism or "socialism," describing the workings of the economic system and promoting democratic and participatory social structures and practices. The general theory being developed within URPE was a theory of capitalist development based on the modern corporate state. Institutional economics is essentially a holistic, interdisciplinary study of the collective manner in which groups of people live out their material existence over long historical time.
- Subjects
UNITED States; INSTITUTIONAL economics; RADICAL economics; CAPITALISM; FREE enterprise; ORGANIZATIONAL change; ECONOMICS; SOCIALISM; DEMOCRACY; ECONOMIC structure
- Publication
Journal of Economic Issues (Association for Evolutionary Economics), 1995, Vol 29, Issue 1, p137
- ISSN
0021-3624
- Publication type
Article
- DOI
10.1080/00213624.1995.11505645