AFEE originated in 1959 as an informal group that met in a rump session of the ASSA meetings. They called themselves the Wardman Group after the Wardman Park Hotel in Washington D.C. where the initial 1959 meeting took place.[1]
The founding members were economists who found it increasingly difficult to get their papers included on sessions sponsored by the American Economics Association.[2] Although the AEA was founded by the institutionalist economist Richard T. Ely, by the 1950s it had drifted away from the institutionalist approach and towards abstract mathematical modelling. The members of AFEE are sometimes called "old institutionalists"[3] to distinguish them from the followers of New Institutional Economics.
The Wardman Group renamed itself the Association for Evolutionary Economics (AFEE) in 1965. Clarence E. Ayres was elected the first president and he presided over presentations at the ASSA meetings in San Francisco in December 1966. In 1967, AFEE began publishing a quarterly academic journal, the Journal of Economic Issues.
In the 1970s, the "old institutionalists" competed with the Marxists and the Post Keynesians for prominence within heterodox economics but by the 1980s they began to be noticed once again.[3] In 1979, some members of AFEE who thought it had deviated too far from its roots, formed a sister organization, the Association for Institutionalist Thought (AFIT).[4] The stature of old, or original, institutional economics was further strengthened by the formation in 1988 of the European Association for Evolutionary Political Economy.
Aims and scopeedit
AFEE views itself as running parallel to the AEA in covering all areas of economics. It places less stress on mathematical model building and more on a realistic analysis of economic policy issues. It is open to interdisciplinary approaches that incorporate insights from history, psychology, management science and political science. Moreover, it stresses the importance of broadening the scope of economics to consider questions of economic ends, as well as economic means.[5] Since its founding, AFEE has confronted issues of environmental degradation, inequality, corporate power, the negative effect of advertising and the limitations of economic growth as a measure of economic success.
The Veblen-Commons Award is given annually in recognition of the contributions made by an outstanding scholar in the field of evolutionary institutional economics. Past recipients include Gunnar Myrdal, John Kenneth Galbraith, Gardiner Means, and Hyman Minsky.
The James H. Street Latin American Scholarship is awarded to a person residing in Latin America and working within the tradition of original institutional economics. The James H. Street scholar is awarded round trip transportation and accommodation at the ASSA meetings and given the opportunity to present his or her work.
The Clarence E. Ayres Award is awarded to a promising international scholar working within the tradition of original institutional economics. The Ayres scholar is awarded round trip transportation and accommodation at the ASSA meetings and given the opportunity to present his or her work.
Referencesedit
^Rutherford, Malcolm (2001). "Institutional Economics: Then and Now". The Journal of Economic Perspectives. 15 (3): 185. doi:10.1257/jep.15.3.173.
^Bush, Paul Dale (June 1991). "Reflections on the Twenty-Fifth Anniversary of AFEE". Journal of Economic Issues. XXV (2): 322.
^ abHodgson, Geoffrey M. (2002). A Modern Reader in Institutional and Evolutionary Economics: Key Concepts. Edward Elgar Publishing Ltd. pp. xvi. ISBN1-84064-495-8.
^O'Hara, Phillip Anthony (2000). "Association for Evolutionary Economics and Association for Institutionalist Thought". Encyclopedia of Political Economy. Vol. 1. Routledge. pp. 20–23. ISBN0415241863.
^Gruchy, Allan G. (March 1969). "Neoinstitutionalism and the Economics of Dissent". Journal of Economic Issues. 3 (1): 3. doi:10.1080/00213624.1969.11502905.
External linksedit
Association for Evolutionary Economics
December 18, 2023
association, evolutionary, economics, afee, international, organization, economists, working, institutionalist, evolutionary, traditions, thorstein, veblen, john, commons, wesley, mitchell, part, allied, social, science, associations, assa, group, approximatel. The Association for Evolutionary Economics AFEE is an international organization of economists working in the institutionalist and evolutionary traditions of Thorstein Veblen John R Commons and Wesley Mitchell It is part of the Allied Social Science Associations ASSA a group of approximately 63 organizations including the American Economics Association AEA that holds a three day meeting each January Contents 1 History 2 Aims and scope 3 Awards and scholarships 4 References 5 External linksHistory editAFEE originated in 1959 as an informal group that met in a rump session of the ASSA meetings They called themselves the Wardman Group after the Wardman Park Hotel in Washington D C where the initial 1959 meeting took place 1 The founding members were economists who found it increasingly difficult to get their papers included on sessions sponsored by the American Economics Association 2 Although the AEA was founded by the institutionalist economist Richard T Ely by the 1950s it had drifted away from the institutionalist approach and towards abstract mathematical modelling The members of AFEE are sometimes called old institutionalists 3 to distinguish them from the followers of New Institutional Economics The Wardman Group renamed itself the Association for Evolutionary Economics AFEE in 1965 Clarence E Ayres was elected the first president and he presided over presentations at the ASSA meetings in San Francisco in December 1966 In 1967 AFEE began publishing a quarterly academic journal the Journal of Economic Issues In the 1970s the old institutionalists competed with the Marxists and the Post Keynesians for prominence within heterodox economics but by the 1980s they began to be noticed once again 3 In 1979 some members of AFEE who thought it had deviated too far from its roots formed a sister organization the Association for Institutionalist Thought AFIT 4 The stature of old or original institutional economics was further strengthened by the formation in 1988 of the European Association for Evolutionary Political Economy Aims and scope editAFEE views itself as running parallel to the AEA in covering all areas of economics It places less stress on mathematical model building and more on a realistic analysis of economic policy issues It is open to interdisciplinary approaches that incorporate insights from history psychology management science and political science Moreover it stresses the importance of broadening the scope of economics to consider questions of economic ends as well as economic means 5 Since its founding AFEE has confronted issues of environmental degradation inequality corporate power the negative effect of advertising and the limitations of economic growth as a measure of economic success Awards and scholarships editMain article Veblen Commons Award The Veblen Commons Award is given annually in recognition of the contributions made by an outstanding scholar in the field of evolutionary institutional economics Past recipients include Gunnar Myrdal John Kenneth Galbraith Gardiner Means and Hyman Minsky The James H Street Latin American Scholarship is awarded to a person residing in Latin America and working within the tradition of original institutional economics The James H Street scholar is awarded round trip transportation and accommodation at the ASSA meetings and given the opportunity to present his or her work The Clarence E Ayres Award is awarded to a promising international scholar working within the tradition of original institutional economics The Ayres scholar is awarded round trip transportation and accommodation at the ASSA meetings and given the opportunity to present his or her work References edit Rutherford Malcolm 2001 Institutional Economics Then and Now The Journal of Economic Perspectives 15 3 185 doi 10 1257 jep 15 3 173 Bush Paul Dale June 1991 Reflections on the Twenty Fifth Anniversary of AFEE Journal of Economic Issues XXV 2 322 a b Hodgson Geoffrey M 2002 A Modern Reader in Institutional and Evolutionary Economics Key Concepts Edward Elgar Publishing Ltd pp xvi ISBN 1 84064 495 8 O Hara Phillip Anthony 2000 Association for Evolutionary Economics and Association for Institutionalist Thought Encyclopedia of Political Economy Vol 1 Routledge pp 20 23 ISBN 0415241863 Gruchy Allan G March 1969 Neoinstitutionalism and the Economics of Dissent Journal of Economic Issues 3 1 3 doi 10 1080 00213624 1969 11502905 External links editAssociation for Evolutionary Economics Retrieved from https en wikipedia org w index php title Association for Evolutionary Economics amp oldid 1136254468, wikipedia, wiki, book, books, library,
