Institutional political economy refers to a body of political economic thought in distinction from institutional economics stemming from the works of Thorstein Veblen, John Commons, Wesley Mitchell, John Dewey and more recent political economists such as Geoffrey Hodgson, Jonathan Nitzan, Shimshon Bichler and Ha-Joon Chang. The Politics series Politics Portal This box:      Political economy was the original term for the study of production, the acts of buying and selling, and their relationships to laws, customs and government. ... Institutional economics focuses on understanding the role of human-made institutions in shaping economic behavior. ... Thorstein Bunde Veblen (born Tosten Bunde Veblen July 30, 1857 – August 3, 1929) was a Norwegian-American sociologist and economist and a founder, along with John R. Commons, of the Institutional economics movement. ... John Rogers Commons (1862 - 1945) was a well-known institutional economist, and born in Hollansburg, Ohio. ... Wesley Clair Mitchell (August 5, 1874 – October 29, 1948) was an American economist known for his empirical work on business cycles and for guiding the National Bureau of Economic Research in its first decades. ... John Dewey (October 20, 1859 – June 1, 1952) was an American philosopher, psychologist, and educational reformer, whose thoughts and ideas have been greatly influential in the United States and around the world. ... Geoffrey M. Hodgson (born 28 July 1946) is a Research Professor of Business Studies in the University of Hertfordshire, and also the head of the Centre for Research in Institutional Economics. ... Jonathan Nitzan is a Professor of Political Economy at York University, Toronto, Canada. ... Ha-Joon Chang (b. ...

Thinkers in Institutional political economy distinguish themselves from New Institutional economists who attempt to incorporate institutions and information into neoclassical economics. Instead, institutional political economists believe that economics cannot be separated from the political and social system within which it is embedded. New institutional economics (NIE) may be characterized as a new perspective in economics. ...

References

Chang, Ha-Joon "Breaking the mould: an institutionalist political economy alternative to the neo-liberal theory of the market and the state" Cambridge Journal of Economics 26:539-559 (2002)

• American Institutional School
• Thorstein Veblen, Articels by Veblen
• T.Veblen:Leisure Class
• T.Veblen:Why is Economics Not an Evolutionary Science?
• T.Veblen:The Beginning of Ownership av Thorstein Veblen
• T.Veblen (Theory of Business Enterprise)