Economics, Econometrics and Finance
a year ago

Geoffrey Hodgson's Institutional Economics: Revolutionizing Veblenian Perspectives on Habits.

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Research in the history of economic thought and methodology
Geoffrey Hodgson’s Institutional Economics: Veblenian Origins and Beyond
Felipe Quintão de Almeida

Paper Summary

The article discusses how Geoffrey Hodgson's ideas in economics were influenced by Thorstein Veblen. Hodgson's focus on habits and causations align with Veblen's institutionalism, but with some differences. Hodgson's approach to habits marks a departure from Veblen's views, leading to a new form of institutional economics.

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