Document Detail

The trials of theory: psychology and institutionalist economics, 1910-1931.
MedLine Citation:
PMID:  20419788     Owner:  NLM     Status:  MEDLINE    
The rise of the institutionalist school of economics, in the 1910s and 1920s, has recently been given the historical attention it deserves. However, historical studies of the school have left two questions unanswered. First, to what extent was the institutionalist's interest in academic psychology (frequently declared in their meta-economic writings) realized in their economic writings? Second, what evidence of a fruitful collaboration with institutional economics can be found in the work of psychologists? In this paper I consider the meta-economic statements of three key institutionalists, Wesley C. Mitchell, John M. Clark, and Walton H. Hamilton, and two key economic works by Mitchell and Clark. I contend that these works show little systematic engagement of academic psychology. A study of psychological literature of the period yields the same conclusion; in particular, industrial psychology did not come into fruitful contact with institutional economics, despite the parallel interests of the two fields and their parallel rise after World War I.
Michael Bycroft
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Publication Detail:
Type:  Biography; Historical Article; Journal Article    
Journal Detail:
Title:  Journal of the history of the behavioral sciences     Volume:  46     ISSN:  1520-6696     ISO Abbreviation:  J Hist Behav Sci     Publication Date:  2010  
Date Detail:
Created Date:  2010-04-26     Completed Date:  2010-07-16     Revised Date:  -    
Medline Journal Info:
Nlm Unique ID:  18020010R     Medline TA:  J Hist Behav Sci     Country:  United States    
Other Details:
Languages:  eng     Pagination:  144-64     Citation Subset:  IM; Q    
Copyright Information:
Copyright 2010 Wiley Periodicals, Inc.
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MeSH Terms
Economics / history*
History, 19th Century
History, 20th Century
Models, Economic
North America
Philosophy / history*
Psychological Theory
Psychology / history*
Psychology, Industrial / history
Personal Name Subject
Personal Name Subject:
Wesley Mitchell; John M Clark; Walton Hamilton

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine

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