s direction. Mitchellovsky investment analysis and anticipated the next cycle of development and theoretical conclusions. br/>
.4 Negative aspects of American institucionalism
my worke o wrote a lot of positive aspects of this teaching.But look at all the positive aspects of institutionalism question why American institutionalism, despite the abundance of interesting ideas, not become the main course of economic thought in the XX.? Why it has not replaced the neoclassical theory, if the criticism of him was perfectly reasonable? There are both external and internal (within the resulting flow) reasons. Among the external factors that have had a negative impact on institutionalism in the 1930-1940-ies., Are the following., Since the mid-1920s. sociology became an independent science, separated from the economy, and in the psychology of the most popular courses (to the detriment of the study of instincts and habits) became behaviorism, for which awareness, motivation and creativity were not the subject of a special analysis . Although institutionalists attacked hedonistic reasons of economy, this time they themselves have not yet formed a common platform for the analysis of individual behavior. Thus, institutionalism lost one of his strengths - interdisciplinarity, that made him so attractive to the best minds from all related disciplines., The Great Depression and the New Deal also created a number of problems. For institutionalists, as for the other economists, the Great Depression was an unpleasant surprise. It turned out that the theory of business cycles Mitchell adopted traditional institutionalists, it is not able to predict and explain., At the time came and started to develop Keynesianism. Thanks to him, the consideration of aggregate economic output, national income statistics, unemployment has also been attributed to the mainstream economy. Keynesian economics became involved and empirical testing, which meant that institutionalism - is not only an empirical trend in the economy.it would be incorrect to attribute all the problems the negative influence of external factors. Besides them, there were internal problems. Indeed, as the flow of institutionalism was defined only in general terms, and as part of this trend in 1930. there has been a movement toward separatism rather than to unite. Leading researchers have developed their own versions of institutionalism, without any concern for how to get along with colleagues. As a result, by the end of the 1940s. institutionalism as a single research program, which analyzes and quantitative methods, and the business cycle and is associated with psychology, and law, and sociology, has practically ceased to exist.current was forced into the periphery, but dissatisfaction with mainstream neoclassical theory remains. Then the period of accumulation of facts and total criticism neo replaced by a period of crystallization of new ideas. I...
