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The Elgar Companion to Institutional and Evolutionary Economics

Edited by Geoffrey M. Hodgson, Research Professor in Business Studies, University of Hertfordshire, UK, the late Warren J. Samuels, former Professor Emeritus of Economics, Michigan State University, US and Marc R. Tool, Professor Emeritus of Economics, California State University, Sacramento, US
This authoritative and comprehensive reference work introduces the reader to the major concepts and leading contributors in the field of institutional and evolutionary economics.
Two volume set
Extent: 896 pp
Hardback Price: £212.00 Web: £190.80
Publication Date: 1994
ISBN: 978 1 85278 439 3
Availability: In Stock
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  • eISBN: 978 1 84376 866 1

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  • Economics and Finance
  • Evolutionary Economics
  • Institutional Economics
This authoritative and comprehensive reference work introduces the reader to the major concepts and leading contributors in the field of institutional and evolutionary economics.

The Companion’s coverage includes contributions by leading international authors working in the traditions of Thorstein Veblen, Joseph Schumpeter and the new institutionalist economics. Featuring accessible, informative and provocative entries on all the significant areas, this book breaks new ground by bringing together widely dispersed but theoretically congruent ideas for the first time. Several entries assess evolutionary and institutional aspects in the work of otherwise orthodox political economists, such as Adam Smith, Alfred Marshall and Friedrich A. von Hayek. Although some attention has been given to the critique of mainstream neoclassical economics, the principal focus has been on the affirmative presentation of institutional and evolutionary economics as alternatives to both the neoclassical and Marxian schools. An important feature of the work is the inclusion of a large number of entries addressing the foundations of inquiry into political economy.

As the best single reference source on institutional and evolutionary economics now available, this two volume set will be welcomed by students and teachers in economics, scholars in related social sciences and government policymakers.
‘The Elgar Companion to Institutional and Evolutionary Economics is a pioneering reference work which will be useful to open-minded researchers and mature students.’
– Esben Sloth Andersen, Economic Journal

‘. . . it has much to offer.’
– John L.R. Proops, Ecological Economics

‘The Elgar Companion is a major work. These two volumes are a useful guide to a heterodoxy that seems everyday to grow in importance. Ambitious in conception, well researched and well presented, they have the history-making potential of an overdue manifesto that proudly sets out the stall.’
– David A. Reisman, Journal of Institutional and Theoretical Economics

‘. . . the editors and authors of this Companion have completed a masterpiece. The editors are to be congratulated for establishing the theme and tone and the authors for delivering the goods. These volumes should not only be on our shelves, they should be taken down for frequent use.’
– Glen Atkinson, Journal of Economic Issues

‘. . . the Companion is highly valuable for students and the interested public because the entries make clear at the outset where the respective epistemological, theoretical or practical crucial point lies. . . . The Companion is a remarkable achievement and definitely of value as a reference-book and textbook for professionals and students alike.’
– Helge Peukert, Kyklos