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TO THE SPRINGS OF A MODERN ECONOMIC THEORY: INSTITUTIONALISM

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Author(s): ION POHOAŢĂ

Journal: Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi : Economic Sciences Series
ISSN 0379-7864

Volume: 2007;
Date: 2007;
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Keywords: institutionalism | transaction costs | currency | rule | institution | classics | neoclassic.

ABSTRACT
We offer in a few rows written on this theme, some of the bench-marks –persons and representative ideas –which define the beginning of institutionalism in the economy. It’s a field already felt out and with a few chances for news. What we would like to distinguish aim a reseating of a place and the importance of some founders in their work of founders of institutionalism. In concrete we place G. Schmoller and C. Menger foreword to this theory. We also try to provide reasons to convince that Adam Smith was not foreign to the institutionalism philosophy and that the present representatives of the New Institutional Economics should assert him as a founder father.
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