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Institutional Economics Revisited: Discussion
Author(s) -
Breimyer Harold F.
Publication year - 1993
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243603
Subject(s) - economics , institutional economics , neoclassical economics , positive economics
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