Institutional Economics Revisited: Discussion

When I finished I ended at the spot I always end. It is to regret once again that economics as a field of study ever became detached from political economy. No credit is due Jevons and others who declared the economy to be reducible to a set of mathematical equations. Jevons, it may be remembered, explained that "economy, if it be a science at all, must be a mathematical science" (quoted by Gray, p. 341). So it is that many mainstream economists, who have not advanced an inch or a centimeter in